Shang Wu Bu Wang Zhan·2025-08-16 13:31Core Viewpoint - Great Wall Motors is officially inaugurating its factory in Iracemapolis, São Paulo, Brazil, on August 15, with President Lula in attendance, marking a significant step in the company's expansion in the Brazilian market [1] Group 1: Company Developments - The factory will showcase the first pre-production models of the Haval H6 gasoline and hybrid SUVs assembled in Brazil [1] - The factory currently employs nearly 700 workers, indicating a substantial local investment in workforce [1] - The localization level for production in the first year is low, but there are plans to increase it quickly to meet export conditions [1] Group 2: Industry Trends - Chinese electric vehicle brands have been gaining traction in Brazil over the past three years, with companies like BYD and Great Wall becoming well-known [1] - The Brazilian market for hybrid and electric vehicles is experiencing significant growth, with total sales increasing by 46.83% year-on-year from January to July, compared to a mere 4.1% increase in total vehicle sales [1] - According to the Brazilian Electric Vehicle Association (ABVE), 139,200 electric vehicles were sold in Brazil from January to July, with 63.5% of these being Chinese brands [1] - BYD holds a dominant market share in Brazil, with 28.1% in hybrid vehicles and 76.78% in electric vehicles [1]