Great Wall Motor has decided to build an automobile factory in Brazil for which preparation for a ‘big investment’ is ongoing on, reported Bloomberg News citing the automaker’s chairman Wang Fengying.

Fengying did not give any other details with regards to investment.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The information was disclosed during a meeting on the automotive sector in Chengdu.

The company is building the factory in Brazil in order to overcome the decision of the government to raise industrialised products taxes on cars that do not contain at least 65% of Brazilian made parts.

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now