Xin Hua Cai Jing·2025-08-18 00:10Core Insights - Great Wall Motors has officially launched its factory in Brazil, marking a significant step in its global strategy and enhancing its presence in the Latin American market [1][2][3] - The factory, which was previously a Daimler facility, has been upgraded to become a smart production base, with an annual production capacity expected to increase from 20,000 to 50,000 vehicles [2][3] - The Brazilian government, represented by President Lula, emphasizes the importance of foreign investment for economic stability and job creation, welcoming more Chinese companies to invest in Brazil [1][2] Group 1 - The inauguration of Great Wall Motors' factory in Brazil signifies the company's commitment to the local market and its ambition to create a production hub for Latin America [1][2] - The factory is equipped with advanced production capabilities, including hybrid and diesel vehicle production lines, and covers an area of approximately 1.2 million square meters [3] - The first model produced, the Haval H6GT, has been signed off by President Lula, indicating its readiness for market entry [1] Group 2 - Since entering the Brazilian market in 2021, Great Wall Motors has achieved annual sales of 29,000 vehicles, ranking 14th in the market, with a 19.8% year-on-year sales increase in the first half of this year [3] - The factory is expected to create over 1,000 direct jobs and contribute to the local economy through technology transfer and innovation [2][3] - Great Wall Motors plans to continue investing in Brazil, focusing on technology leadership and research and development to enhance its competitive edge in the region [3]