China’s Chery opens car factory in Brazil this year

11 April 2014

Chinese car manufacturer Chery Automobile announced that it would open a factory in Brazil in the second half of 2014, according to China Radio International (CRI).

It will be the first Chinese company to manufacturer passenger vehicles in Brazil.

In 2011 the company set up an automotive industrial park in Brazil and signed an agreement with the State of Sao Paulo to manufacture cars in Brazil.

The factory is located in Jacareí, 80 kilometres from Sao Paulo, and following investment of US$400 million will initially manufacture 50,000 vehicles per year.

Chery, which was founded in 1997 and has its headquarters in Wuhu, is China’s largest private car manufacturer and has factories in 14 countries and regions. (macauhub)