The figure was presented by the e-commerce giant’s CEO Fernando Yunes to President Lula during a Monday meeting at the Planalto presidential palace.
“The [estimate] was announced […] both for light and heavy vehicles, such as buses and trucks, and in combustion engines as well as ethanol, full flex, hybrid, and electric,” said vice-President and Development Minister Geraldo Alckmin.
Brazil’s National Bank for Economic and Social Development will chair the D20 Long-Term Investors Club for the next two years. It is the first time BNDES holds this position.
The announcement was made in New York this week by Banco do Brasil in partnership with the Inter-American Development Bank and adds to the Amazon Impact Movement, signed during the UN Global Compact in Brazil.
A survey heard from 237 Brazilian businesses operating overseas, mainly enterprises that export or have subsidiaries abroad. Among them, most are in trade, machinery and equipment manufacturing, and chemical manufacturing.
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