"Young, tech-savvy, and future-focused Philipe Andrade, 23, and Carlos Alberto Andrade, 26, embody a new generation of Brazil's automotive elite. They are the heirs to the Brazilian auto group CAOA. Founded in 1979 by their father, Carlos Alberto de Oliveira Andrade, CAOA stands for his name and a long tradition of manufacturing, importing, and selling vehicles in Brazil. The company operates its own assembly plant in Anapolis, producing Hyundai and Chery models, and runs a vast network of dealerships for Asian carmakers Hyundai, Subaru,"
"CAOA's Anapolis plant doubled its output from 30,000 vehicles in 2023 to around 60,000 the following year, and expects another increase to 70,000 vehicles. The carmaker is not yet a market heavyweight even though its factory operates around the clock. By the end of 2030, every fifth new car sold in Brazil is expected to come from China, according to a study by Brazil's car market analyst Bright Consulting in Campinas, Sao Paulo."
Philipe Andrade, 23, and Carlos Alberto Andrade, 26, lead the Brazilian auto group CAOA and push the company toward expansion and new Chinese-brand partnerships. CAOA runs an Anapolis assembly plant producing Hyundai and Chery models and operates a broad dealership network for Hyundai, Subaru, and Chery. The brothers plan to begin production for Chinese brand Changan later this year. CAOA's Anapolis output rose from 30,000 vehicles in 2023 to about 60,000 and is projected to reach 70,000, while the factory runs around the clock despite CAOA not yet being a market heavyweight. By 2030, one in five new cars sold in Brazil is projected to be Chinese-made. BYD recently unloaded 5,841 vehicles at Argentina's Port of Zarate, including electric and hybrid models.
Read at www.dw.com
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