Toyota Motor Corporation will produce approximately 330 billion yen by 2030 in order to produce new cars equipped with hybrid systems in South America and Brazil. The company plans to produce a new type of ``flex-hybrid vehicle,'' which is equipped with a hybrid system and can run on ethanol, which emits less carbon dioxide than gasoline.
It is said that 2,000 direct jobs will be created locally, and Brazil's President Lula welcomed the project, posting on social media that it is "an important step for the Brazilian economy"