General Motors adds $675 million to its investment plan in Brazil

Glonghui, June 25 — General Motors announced it will invest an additional 3.5 billion Brazilian reals (approximately 675 million US dollars) in Brazil to support the production of hybrid vehicles and the modernization of its factories. This new investment will be combined with the 7 billion reals announced in 2024, bringing General Motors’ total planned investment to 10.5 billion reals by 2028. The investment will support the renewal of Chevrolet’s product lineup, the adoption of new technologies including hybrid models, factory modernization, and the expansion of engineering and manufacturing capabilities. The company stated that this move will also help to create high-quality jobs and enhance the competitiveness of Brazil’s automotive industry.