As Tesla is actively building its Gigafactory 4 in Berlin known as Giga Berlin, some powerful people in South America work hard to host Tesla’s next Gigafactory in Brazil. Brazilian President Jair Bolsonaro will arrive in the United States on his fourth visit today since his election in 2019. As part of this trip, he is planning to meet with representatives of Tesla. Could this mean that Tesla’s next Gigafactory after Berlin will be in Brazil? Bolsonaro has a strong determination to strengthen trade and investment ties with the United States. According to Foreignbrief, as part of his business trip to the US, the president will meet with Tesla to discuss the construction of a plant in Brazil.
The Tesla plant in Brazil would be a significant victory for Bolsonaro. He is fighting to reduce the effects of a two-year recession. Brazil's auto industry was among the sectors most affected by the recession. Thanks to the efforts of the president, in particular his attempts to promote private business, the country's economy grew by 1.1% in 2019.
Brazil currently offers 3% + tax breaks for the production of hybrid and electric cars. The country is also the largest supplier of cars to Latin America, and it is expected that by 2025 the market for electric vehicles in the region will grow by 30%.
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