Shang Wu Bu Wang Zhan·2025-08-23 16:48Group 1 - Lula, the President of Brazil, attended the inauguration ceremony of Great Wall Motors' factory in Brazil, expressing hopes for the company to establish Brazil as a base for exporting to the Latin American market [1] - Great Wall Motors is the first automotive manufacturer to receive certification under Brazil's "Green Mobility Program" (Mover) [1] - The total investment for the factory amounts to 4 billion Brazilian Reais, with an initial production capacity of 30,000 vehicles per year, targeting an increase to 50,000 vehicles by 2026 and a localization rate of 60% [1] Group 2 - Brazil ranks as the seventh largest automotive market globally, with an eighth position in production [1] - The projected automotive production in Brazil for 2024 is 2.5 million vehicles, reflecting a growth of 9.7%, with hybrid and electric vehicle production expected to increase by 54% [1] - Local media anticipates that by the end of 2025, there will be 15 Chinese automotive brands selling in Brazil [1]