GWM Acquires Iracemápolis Plant in Brazil from Daimler
Great Wall Motor Company Limited and Daimler Group officially signed the purchase agreement on the acquisition of the Iracemápolis plant in Brazil. According to the purchase agreement signed by both parties, Daimler’s Iracemápolis plant in Brazil, including land, plant, machinery and equipment, will be handed over to GWM. This transaction is a pure asset transaction and does not involve the transfer of personnel.
After GWM acquired Iracemápolis plant in Brazil, it will be introduced advanced production, quality management, environmental protection, and digitalization management philosophy in accordance with GWM’s global manufacturing standards and build the plant into one of the global intelligent production bases to cover both Brazil domestic market and the rest of South America.
The closing of transaction is expected to be completed before the end of 2021. The annual production capacity of the factory after updated will reach 100,000 vehicles, which will create nearly 2,000 local jobs.