Great Wall Motor Acquires Daimler Factory in Brazil, Targeting Annual Capacity of 100,000 Vehicles
Hebei-based automaker Great Wall Motor has purchased a factory in Brazil from Daimler AG for an undisclosed price, the company announced on Wednesday. Over the next five years, Great Wall Motor plans to invest more than 5 billion yuan ($770.13 million) in the factory, aiming for an annual production capacity of 100,000 vehicles.
German automaker Daimler …
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