China’s JAC to Build New Car Factory in Brazil

Chinese automaker JAC Motors announced on Friday a new deal with its Brazilian operator SHC Group to build a new factory in Brazil's northeastern Bahia state, the company's first outside its home market.

JAC originally intended to invest US$600 million in building a plant in Brazil, but cancelled the project when the government increased taxes on cars with less than two-thirds domestic content, in its effort to protect local jobs.

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