Shanghai: China’s Great Wall Motor said on Friday it will invest 11.5 billion yuan ($1.81 billion) over the next decade to build electric vehicles in Brazil where its has taken over a factory from Daimler AG .
Baoding-based Great Wall, China’s top pickup truck maker, said it planned to launch 10 new electrified products within three years in Brazil, four of which will be pure electric vehicles and six hybrid. It added that it would introduce the first product in the fourth quarter of this year, it added.
