Recently, Anhui Jianghuai Automobile announced that it will invest 600 million U.S. dollars to build a plant in Brazil, one of the four BRIC countries, to increase its share in the Brazilian automotive market.
It is reported that JAC's plant in Brazil is scheduled to be put into production in 2014, and its annual production is expected to be 100,000 vehicles. For the direct investment and construction of Jianghuai, the agent of JAC Brazil, Habib said, “I invested a total of 244 million U.S. dollars in the past three months to establish the image of the Jianghuai Automobile brand. The establishment of the plant will have a direct impact on Brazil’s auto market. At present, Habib believes that JAC won a 3% market share.
Brazil is a key market for the world's auto giants. Brazil’s economy grew strongly last year, with a growth rate of 7.5%, and the number of middle-class citizens has risen by 25% over the past decade, making Brazil a market with significant growth potential for automakers because of other major economies’ The economy is stagnant.
JAC is an integrated automobile manufacturer integrating R&D, manufacturing, sales and service of commercial vehicles, passenger vehicles and powertrains. There are state-level enterprise technology centers, high-tech enterprises of the National Torch Plan, with more than 16,000 employees. The company now has an area of ​​more than 4.6 million square meters and has an annual production capacity of 500,000 vehicles and 200,000 engines. In 2008, the company sold nearly 200,000 vehicles and various types of chassis, and realized sales revenue of RMB 14.8 billion. The leading products continued to maintain its leading position in the industry.
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