On September 18, HOZON Auto, along with Latin America’s largest investment bank — BTG Pactual of Brazil, and Brazilian import trader Sertrading, entered into a strategic cooperation. With its profound experience in the automotive finance sector, BTG Pactual, together with Sertrading, will provide financial support of up to 1 billion Real (approximately CNY 1.3 billion) to HOZON Auto in the Brazilian market. This financial aid will foster the import service, the construction of charging facilities, and other aspects, thereby promoting the popularization of new energy vehicles in Brazil.
At present, HOZON Auto has established a subsidiary in São Paulo, Brazil, and plans to expand its dealer network to 30 by the end of the year, along with actively promoting the construction of KD assembly factories. HOZON Auto has been gradually expanding its presence in South America, launching new models and carving out sales networks in various countries, including Mexico, Ecuador, and Costa Rica. By 2024, HOZON Auto will ramp up its global strategic plan, sticking to a solid strategy of “deep plowing in the Southeast Asian market, continuous robust development in Latin America, the Middle East, and Africa, and timely expansion towards the European market.” To date, over 450,000 users worldwide have been accumulated.
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