business / news / / Reuters
Mixue's first Brazilian location, opening on Saturday, marks brand's arrival in South America.
Mixue is investing $590 million to open 500-1,000 stores in Brazil by 2030.
KEY POINTS
- Chinese direct investment in Brazil doubled to $4.2 billion in 2024 across 39 projects.
- GWM and BYD are converting former Western car factories in Brazil for electric and hybrid vehicle production.
- Brazil's government is seeking Chinese partnerships for AI-driven healthcare technology and tech transfers.
COMPANIES
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