|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Brazil (Click here for more)

Plan to Build Electric Motorcycles in Brazil

RIO DE JANEIRO – Brazilian utility Light announced Monday that it acquired an interest in the plant that China’s Zongshen group is building in Brazil to produce electric motorcycles.

Light, which distributes energy in the state of Rio de Janeiro, announced in a regulatory filing that it will pay 120,000 reais ($75,950) for 20 percent of the common shares of CR Zongshen E-Power.

“The business will allow the creating, testing and developing of infrastructure and supply logistics for electrical energy for the electric vehicles market,” according to the Light communique.

E-Power is a subsidiary of CR Zongshen do Brasil, a firm that is jointly owned by Chinese conglomerate Zongshen and Brazilian businessman Claudio Rosa Junior.

The group began operating in Brazil in 2009 with the purchase of the Kasinski brand, which produces 110,000 gas- and ethanol-powered motorcycles at a plant in the Amazon city of Manaus.

E-Power will have a plant in Sapucaia, a city in the interior of Rio de Janeiro state.

CR Zongshen do Brasil will make an initial investment of 122 million reais ($77.2 million) in its electric vehicles plant.

Light also announced that, together with the acquisition, it signed an agreement guaranteeing it the first purchase option for all the shares of CR Zongshen.

The factory will be the first for electric vehicles in Brazil and will benefit from the fiscal incentives offered by the Rio state government to firms ready to produce automobiles and motorcycles that use alternative fuels.

The group’s objective starting next year is to begin production with proven Chinese technology that uses a lithium battery with a range of 60 kilometers (37 miles) that can be recharged from the conventional electric grid. EFE
 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved