Brazilian company Effa Motors has signed a technology transfer deal with China’s Harbin HF Automobile Industry Group Co (Hafei) to manufacture vans and light goods vehicles for the Chinese company, the automotive trade press reported in Brazil.
The agreement was signed last week during a visit by directors of Harbin HF Automobile Industry Group Co to the headquarters of the Brazilian company which, since 2008, has imported Hafei’s line of light goods vehicles of the Chang and Lifan brands.
According to press reports, businessman Eduardo Effa plans to manufacture all those products in a single factory, with total investment and location yet to be decided.
Effa Motors will once again assemble Hafei’s vans and light goods vehicles in Manaus, in the state of Amazonas, in order to bypass the hike on the Tax on Industrialised Products after bringing that activity to a halt in 2010 due to high transport costs.
In 2011 Effa Motors sold 11,297 Hafei vehicles in Brazil, which represented growth of over 100 percent against the 5,471 vehicle sold in 2010. The company expects sales to rise by 10 percent this year. (macauhub)