GWM announces this Tuesday the production of cargo vehicles – 04/24/2023 – Panel SA

To join the game of rivals Toyota and Brascel, the Chinese automaker GWM announces, this Tuesday (25th) the production of cargo vehicles powered by hydrogen.

The event takes place in the presence of Governor Tarcísio de Freitas, who is trying to attract investment to the state.

Public funds will not be invested in the Chinese automaker’s production line, but, from now on, it will enjoy ICMS refunds on vehicles that are exported from São Paulo.

Toyota, for example, already has more than R$ 1 billion in ICMS credits.

The idea is to establish a program in which the government creates a calendar of tax transfers as the automaker’s production progresses.

The case is different from automakers such as Toyota, which, last week, announced investments of R$ 1.7 billion in a new compact hybrid flex car.

Of this amount, approximately R$ 1 billion will come from the ProVeículo Verde program, a government initiative that redistributes accumulated credit from companies for investments in the production of less polluting models.

In addition to the cargo vehicles that will be announced this Tuesday, GWM is also preparing the assembly of hybrid cars at the plant in Iracemápolis (SP), former Mercedes-Benz factory.

The announcement of this category of vehicles will be made on Thursday (27th) at an event with the participation of the Minister of Industry, Geraldo Alckmin.

In all, GWM should invest more than R$ 10 billion in the factory in the interior of São Paulo.

Julio Wiziack with Diego Felix

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