Nezha Automobile's first South American subsidiary has officially settled in Brazil, and the first three models will hit the market in Q3

According to news on July 20, Nezha Automobile officially announced today that its first South American subsidiary was established on July 16 at Paulista Avenue in Sao Paulo, Brazil, and plans to launch the first three models in the third quarter of this year. This move symbolizes Nezha Automobile's official entry into the Brazilian market and further realizes its global market layout. Nezha Automobile has significantly accelerated its overseas market expansion in recent years. According to the editor's understanding, in 2023, Nezha Automobile's annual sales volume will reach 127,500 units, of which more than 20,000 units will be in overseas markets, a year-on-year surge of 567%. Entering 2024, Nezha Automobile has set an ambitious sales target, planning to sell a total of 300,000 vehicles, including 200,000 vehicles in the domestic market and 100,000 vehicles in overseas markets. In the first five months of this year, Nezha Automobile's export volume of new energy vehicles has reached 16,458 units, ranking fifth among all car companies in terms of new energy vehicle export volume, and ranking first among new power car companies in export volume. As of the end of May, the cumulative export volume of Nezha Automobile has exceeded 35,000 units.

2. Last month, Nezha Automobile opened its first flagship store in Africa. It is located in Nabiro, the capital of Kenya. It is Nezha Automobile’s first store in Africa and the first of a new car-making force in the African right-hand drive market. shop.
3. Nezha Automobile’s expansion in the Southeast Asian market has also continued to accelerate this year, and it has established three major overseas factories in Thailand, Indonesia, and Malaysia.
4. In January this year, Nezha Automobile signed a contract with its Malaysian partner and decided to establish its third overseas factory in Malaysia.
5. In March, Nezha Automobile started large-scale production at its ecological smart factory in Thailand, with an expected annual production capacity of 30,000 vehicles.
6. On the 27th of the same month, Nezha Automobile signed a contract with a Sri Lankan partner to localize the production and sales of Nezha V-II and Nezha X in Sri Lanka. This is Nezha Automobile’s first localized assembly project in South Asia. .
7. In April, Nezha Auto’s ecological smart factory in Indonesia also started production and rolled out new cars. -->

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