Lifan reportedly is planning to build a US$150m car factory in Uruguay.
Infobae said the new plant will create 500 jobs within three years.
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Industry minister Roberto Kreimerman said Lifan 320 and 620 models might be exported to Brazil and other members of the Mercosur trading bloc.
A January report from just-auto‘s Brazilian correspondent said Lifan would refurbish an existing assembly plant in Uruguay and build a new plant in Brazil.
