xi's moments

China's JAC Motors to open first plant in Brazil

Xinhua | Updated: 2017-12-19 10:50

RIO DE JANEIRO — China's JAC Motors will open its first plant in Brazil with an investment of nearly 200 million reals ($61 million), the company said Monday.

The plant in the central state of Goias, near Brazil's capital city Brasilia, will have the capacity of manufacturing up to 35,000 vehicles a year. The project is expected to take two years and provide about 820 direct and indirect jobs.

The announcement was made after JAC Motors Brazil President Sergio Habib presented the project during a meeting with Goias Governor Marconi Perillo.

JAC Motors expects a 40 percent growth in its vehicle sales in Brazil this year, far above the market's average growth of 11 percent.

Copyright 1995 - 2018 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349