English 
Spanish 
3 min read
1 comments
New US mega project promises billion-dollar investments in the Brazilian automotive sector, with the potential to generate almost 1 million jobs across the country.
US mega project in Brazil: Investment announcements in the automotive sector have been constant since last year. A Renault kicked things off by announcing an investment of R$2 billion to expand its RGMP modular platform, totaling R$5,1 billion by 2027. In January this year, the GM followed suit, communicating an investment of R$7 billion by 2028. In February, the Volkswagen responded by expanding its investment to R$16 billion by 2028. These contributions promise to generate thousands of jobs in the country, boosting the economy and innovation in the automotive sector.
US mega project plans to invest R$95 billion
Recently, USA has intensified its investments in Brazil, focusing on several strategic areas. The automotive industry is a significant highlight, with companies such as stellantis, VW, Toyota, Renault and GM planning to invest a total of R$95 billion by 2030. These investments, in addition to generating jobs, aim at industrial expansion and the development of new platforms for hybrid and electric vehicles.
At the beginning of March, Toyota revealed that it had set aside R$11 billion until 2030 to expand the Sorocaba (SP) factory and launch new products, starting with the Yaris Cross, as has been widely discussed, despite the brand not having provided much information. In this way, there is also the production of hybrids with flex engines in Brazil, at its factory in Sorocaba with engines coming from Porto Feliz (SP).
- Reasons Not to Mess with the US Military
- New Silk Road under pressure? Lobito Corridor, a US$5 billion, 1.300 km project aimed at surpassing China
- Explosive! Russia may deploy ballistic missiles in ASIA in response to 5.500 KM range of US missiles in the Philippines
- Ukraine wants NATO protection: Zelensky suggests ceding territories and seeks security for 40 million amid 300 casualties in war
INDUSTRY AND TRADE – FREE MARKET
Until the end of 2026, the Japanese brand will close its industrial facilities in Indaiatuba (SP), opened in 1998, following the same steps as Honda, which transferred vehicle production from Sumaré to Itirapina, both in the state of São Paulo. The Japanese brand may manufacture an intermediate pickup truck in Sorocaba, according to the local metalworkers' union, but the Japanese brand has not confirmed.
Stellantis announces investment of R$30 billion in the automotive sector
The biggest weight in the US mega project, however, fell to Stellantis, where R$30 billion will be invested between 2024 and 2030, generating thousands of jobs. Carlos Tavares, Portuguese executive who leads the multinational conglomerate of 100 models from 14 brands, came to Brazil to announce in person.
in total there will be 40 launches on four platforms with combustion engines, hybrids and at least one electric. They will be distributed among the group's three manufacturing complexes in Betim (MG), Goiana (PE) and Porto Real (RJ).
In the second half of 2024, the group will have its first flex hybrid model, certainly from the Fiat brand, with the use of a 48 volt battery just as basic assistance when driving. combustion engine.
Stellantis' first electric model in the US mega project for the automotive sector will be launched in the second half of this decade. Therefore, the Chinese brands BYD and GWM will not be the only ones producing electric vehicles in the country. What is still unknown is the battery production scheme.
Hyundai signs partnership with Caoa Chery for launches in the automotive sector
Hyundai also reported R$5,4 billion until 2032 and Caoa, R$4,5 billion until 2028, generating thousands of jobs. The two companies will work in close collaboration, including industrially, to make better use of the Brazilian group's factory in Anápolis (GO).
The total of R$ 95 billion of the US mega project in the automotive sector over the next seven years led to Automotive News, one of the world's largest conglomerates of specialized media, highlighting in its daily news the significance of these investments by so many manufacturers.
After the new agreement between Hyundai and Caoa, the South Korean manufacturer opened the game and released its launch schedule. The initial focus will be on those imported by the brand itself in close collaboration with the Brazilian group. Supply will be aligned with demand, which was not the case before.
I didn't understand the calculations that amount to 95 billion.
Which US companies will invest this?
Is Toyota American?
Is Caoa and Hyundai from the USA?
What about Renault? BYD is definitely not from the USA.
It's more like a math error or a big mistake by the reporter in putting the wrong headline.
The “US” automobile industry will not invest 95 billion.