SAO PAULO: Mitsubishi Motors Corp. plans to invest 4 billion reals in a plant in Catalao, Brazil, by 2032, a Brazilian company that manufactures vehicles for the Japanese automaker has said.

The investment will be used for not only making adjustments to production lines to manufacture new products, but also technology development for hybrid cars and flexible-fuel vehicles, and research to build sustainable manufacturing systems, the Brazilian company said Thursday.

After the Brazilian government announced measures for the decarbonization of the country’s car industry at the end of last year, auto giants such as Japan’s Toyota Motor Corp. and General Motors Co. of the United States announced large-scale investments in Brazil.

JIJI Press