Mercedes-benz’s Chinese Automobile Enterprise Acquired Mercedes-benz Factory In Brazil

On August 18, Great Wall Motor Co. Ltd, China's largest automobile manufacturing private enterprise, announced the agreement to acquire the production factory to produce luxury automobile models of umbrella manufacturing companies. Mercedes-Benz (Germany) in Brazil. The value of this deal is not disclosed in details: 00/0: 00 Southern subdomains agreement with Mercedes-Benz will allow the Great Wall Motors to produce up to 100,000 cars per year at the automotive factory Located in Iraceman city in Sao Paulo state of Brazil. The Great Wall Motor acquires the automotive factory in Brazil in the plan to strengthen its foreign production activities

. In the last two years, Great Wall Motor has made great first steps in the process of implementing this plan, with the start of automotive manufacturing in Russia and Thailand, along with the acquisition of a factory of General Motors (USA) in India. The largest automobile manufacturing enterprise in China is supposed to have started conducting research on Brazilian market penetration from 10 years ago.Theo representative of Mercedes-Benz, the resale of factory in Brazil is Part of the strategy to optimize its manufacturing network
Agreement with Great Wall Motor includes the cessation of 1.2 million m2 of factories, office buildings and production lines in Iracemámolis. However, Mercedes-Benz does not agree to transfer automobile development and testing centers to Chinese enterprises. In December 2020, Mercedes-Benz announced that the decision will stop producing luxury cars. Brazil with the closure of Iraceámolis factory in the context of high-end car segment business in the largest country in Latin America is heavily affected by Pandemic Covid -19. Iracemámolis, inaugurated in 2016 With an investment capital of nearly 200 million USD, the only basis to produce high-end cars of Mercedes-Benz, including C-Class and GLA-Class, in Brazil. The representative of Mercedes-Benz Brazilian board Jorg Burzer said that the suspension of luxury automobile production in Brazil will not affect Mercedes-Benz's automotive business in Brazil, which will continue to provide imported cars for the largest market This Latin. Tung Tung (P / V VNA in Buenos Aires)

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