Reference News Network, August 19 report - According to Brazil's 247 News website, August 15 report: "It is always a proud moment when we complete projects that bring development and employment to the country," said Brazilian President Lula during the inauguration ceremony of the new Great Wall Motor factory in Irapuã, an inland town in São Paulo state, on August 15. The factory marks this Chinese automaker's strategic investment in the production of hybrid and electric vehicles.

Lula emphasized the importance of Great Wall Motor choosing Brazil. "I want to tell my partners at Great Wall Motor, you have come to the right country, which has a very hardworking people. It is a nation with extraordinary learning ability. That is why our relationship with China is so close. That is why China is our main trading partner, and that is why we will strive to achieve a more balanced international trade," Lula said.

Lula also encouraged automakers to use Brazil as a platform for expanding their Latin American market. "Make Brazil your base, as a platform for selling your products to Latin America, and you can rely on the Brazilian government. We will do everything possible to attract other industries to invest here, creating more jobs," he added.

Great Wall Motor has been certified under Brazil's "Green Mobility and Innovation Program." This initiative by the Brazilian government promotes innovation, decarbonization, and upgrading the automotive industry chain, and it is connected to the "New Brazil Industry" plan.

The Great Wall Motor Brazil factory has an annual production capacity of 50,000 units. It is expected to create about 1,000 direct jobs in the short term and will drive many local suppliers. By 2026, the localization rate of the factory's parts is expected to reach 60%.

Vice President of Brazil and Minister of Development, Industry and Trade, Geraldo Alckmin, emphasized the impact of the "New Brazil Industry" plan launched in 2024. It is expected that this plan will drive 30 billion reais (about 1.32 yuan per real - note from this newspaper) in investments by 2026, with 18 billion reais invested in the automotive industry alone. Brazil has the eighth largest automotive industry in the world.

Great Wall Motor operates in over 170 countries and regions around the world. The new Brazil factory will produce hybrid and electric models. (Translated by Han Chao)

August 15, Brazilian President Lula (center left) participates in the inauguration ceremony of the new Great Wall Motor factory in Brazil. (AFP)

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