China's GAC starts auto sales in Brazil, eyes local plant by late 2026
SAO PAULO (Reuters) -Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the country in late 2026. GAC's move comes at a time of growing competition in the world's sixth-largest automotive market, where sales of electric vehicles have been speeding up and other Chinese companies - such as BYD, Chery and GWM - have also made inroads in recent years. The company, which last year had already announced plans to invest 6 billion reais ($1.06 billion) in Brazil over five years, will launch in the country on Saturday selling four imported electric cars and a hybrid model.
•
4 hours ago
Trump Shocks With US Steel-Nippon Approval But Details Elusive
