Chinese company builds car factory in Brazil

18 July 2016

Chinese automotive company Zotye Auto plans to build a car factory Goianésia, Brazil, under an investment contract signed with the state government in the city of Goiás, the Brazilian press reported.

In 2014, after a representative of the company announced the arrival of the brand in Brazil, Zotye Auto began negotiating with TAC Motors and eventually purchased the brand’s operations in the state of Santa Catarina, for 190 million reais.

Zotye Auto began negotiating with the states of Ceará and Goiás to build a factory, because TAC Motors was unable to assemble the cars Zoytehad in mind.

Although it had yet to sell a single car, even an imported vehicle, the company signed contract with Goianésia, where it will manufacture conventional and electric cars, such as the E200 model.

Zotye Auto, a subsidiary of China’s Zotye Holding Group, was established in 2005 with headquarters and manufacturing facilities in Yongkang, Zhejiang Province.

The company launched its first car in 2006, the sports utility RX6400 model, a copy of the Daihatsu Terios from the 1990s, with models exported since 2008. (macauhub/BR/CN)