# XCMG invests R$270 million to nationalize electric truck in Brazil

XCMG is investing R$270 million in its Pouso Alegre, Brazil factory to nationalize its electric truck model E7-49T 6×4, currently imported from China. The investment includes building a research and development center.

- Type: Investment
- Announced: 2024-02-26
- Where: Pouso Alegre, Minas Gerais, Brazil
- Value: $54.0M (270.0M BRL)
- Status: announced
- Products: electric truck E7-49T 6×4
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [XCMG](https://endata.com/companies/15137.md)

## Sources

- [forumchinaplp.org.mo](https://forumchinaplp.org.mo/en/economic_trade/view/7777), 2024-02-26: "China's XCMG is investing R$ 270 million in its operation in Pouso Alegre, southern Minas Gerais, Brazil, where it produces construction and mining machinery."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.