The transaction is pending the approval of regulators in China, Mozambique and South Africa, according to reports.
Lusofonia
The online fashion retailer aims to use locally made textiles in 85 percent of the clothes it sells in the country.
Named the Dolphin, the vehicle can run for 291 kilometres on a fully charged battery and will be made at the former Ford plant in Bahia.
The two firms intend to boost storage and handling facilities at two ports in the northeast of China’s Hebei province.
When complete, the 30,000-hectare facility in Mozambique’s Sofala province, will be powered by hydropower, solar energy, and wind energy.
Although Lisbon is moving to scrap residency rights for buyers of real estate, it is continuing to permit them for other kinds of investors.
The Brazilian plane maker had been widely expected to pick up new China business since the Brazilian president’s state visit in April.
Speaking in response to questions from lawmakers, António Costa said “mutual respect” characterised Sino-Portuguese ties.
So-called heavy sands have multiple industrial and commercial uses, with the areas under scrutiny expected to yield over 320 tons of zircon.