China Automotive Systems Sets up Plants in Brazil

www.chinaspv.com: As the release of China Automotive Systems, it has started to set up plants in Sao Paulo, Brazil, which will offer the assembly of steering components to South America market, with the annual production capability of 100,000 units in the early stage, up to 700,000 units at the most. The initial investment refers to 3 million USD and the project will work in April 2015 as the plan.

Since Aug.2012, China Automotive Systems exported components of steering systems to Brazil. In the future, this builder will transfer to the manufacturing in the local plants, enlarging the supply to auto builders such as Chery Automobile, tier one suppliers and the after-sales service in Brazil.
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