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Brazil is a major production hub for automobile manufacturers, and the industry is anticipated to expand due to a number of factors, including population expansion and economic growth.
The wiring harness is the main electrical component of the car. It is made up of a number of wires that transport data and electrical power from the car’s numerous parts. The amount of wire harnesses in a car is divided at the manufacturer’s request and primarily depends on the design of the particular automobile type.
The Brazil EV Wiring Harness Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
A financing arrangement was signed by Yazaki do Brasil Ltda. (YBL), a Brazilian affiliate of Yazaki Corporation, and the Japan Bank for International Cooperation (Yazaki). Together with MUFG Bank, Ltd. The loan is co-financed. With the help of this financing, YBL will be able to produce and market automotive components like wire harnesses in Brazil.
The first Leoni site in Paraguay was formally inaugurated today. Leoni is the top European supplier of cables and cable systems to the automobile industry and other industries.
The factory in San Lorenzo, close to Asuncion, will produce wiring harnesses for a number of clients in the passenger car and commercial vehicle segments. Three productions of wire systems are already being run by the company in Mexico and Brazil. The expanded Paraguayan facility will ship its goods to client facilities in Brazil and Argentina.