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13 AutoData | April 2018 No doubt. The P&D center and also the fuel laboratorywe have in Goias influen- ced a lot so Cherywanted to do business with us. It showed our seriousness, it generated confidence. Do you think of producing electric or hybrid cars in Brazil? Electric car is something that we need to look with great affection. We want to bring Nexo [Hyundai’s SUV powered by a fuel cell powered by hydrogen]. The problem is to bring the hydrogen pump to fuel the car, it will depend on that. If we can solve this we will bring it. The Hydrogen, the fuel cell, is the future. More than the electric ones. Do you see alternatives to Brazil from ethanol? The ideal for Brazil is ethanol, there is no doubt about it. The problem with electricity is how to fuel the vehicles. 1, 2 million cars, fine, but theworld produc- tion is 90 million cars per year. How to fuel that?Where’s the electricity? There isn’t. And there are no conditions to get there anytime soon. I am absolutely cer- tain that China will be a pioneer in new technologies in this field. What is the reason for such certainty? China registered 27 million cars last year, it’s 30% of the world’s total. They have scale, and no one else has it in theworld, amarket this size. And, moreover, they are a totalitarian country: they sell the car they want there, it is easier towork in that way. When I went to China and saw the team that Chery has there I convinced myself to do business with them. I saw that they have a future, that they are really looking for cutting-edge technology and quality. They hired the best in theworld and took them there. They have Belgian, German, Portuguese, American, Indian engineer... and they still have themarket. That’swhy there are a lot of peopleworried: they saw that I did businesswith the brand that has the greatest future in the world. “If the pension reform had been approved I am absolutely sure that the auto market would increase by 25% to 30% this year”