[Brazil] - GAC Motors Invests R$ 5.8 Billion in Brazil's Auto Industry

INSUBCONTINENT EXCLUSIVE:
Universities of Santa Catarina, Santa Maria (RS), and Unicamp (SP).The company will invest R$ 120 million in these collaborations aimed at
This experience positions GAC well to compete in a market increasingly leaning towards electric and hybrid vehicles.GAC Motors Invests R$
(Photo Internet reproduction)Currently, Chinese brands dominate this segment, accounting for 43% of hybrid vehicle sales in Brazil as of
August 2024
BrazilThe company aims to increase its production capacity to over 4.75 million vehicles annually by 2030
It is targeting revenues of approximately $137 billion.GAC has indicated that it will introduce the Aion Y Plus, though it has yet to reveal
specific vehicle models for the Brazilian market
This fully electric SUV is designed to compete with established brands.The official launch event is scheduled for December 2024, where GAC
will unveil its plans and vehicle offerings
This entry into Brazil signifies not only an investment in infrastructure but also a commitment to innovation.In short, it highlights a
focus on sustainability in the automotive industry