Chinese-Saudi carmaker plans Brazil's first hybrid car plant

Newswire

By Alberto Alerigi SAO PAULO, June 27 (Reuters) - Chinese-Saudi carmaker Amsia Motors signed a preliminary deal on Thursday to build the first auto factory in the Brazilian state of Sergipe, where it plans to invest 1 billion reais ($457 million) on a plant focused on hybrid and electric vehicles. Amsia, which is backed by the Saudi Eram group and works in partnership with German, British, Canadian and Chinese carmakers, would be the first manufacturer with a ...

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