In Brazil, the SHC Group, which runs JAC Motors’ local operation, has filed for court-supervised debt restructuring for a second time. The request, submitted on October 6, covers R$239.5 million in liabilities involving 44 companies. The group is led by Sérgio Habib, who has represented JAC in Brazil since 2011. According to the report, SHC had been discussing a new arrangement with creditors and sought to keep some debts outside the court process; one bank is said to be owed more than R$100 million.
SHC first sought protection in 2018, when it cited weak market conditions and the Inovar-Auto regime’s higher taxes on imported vehicles. Its debts then stood at R$517.7 million. A plan was approved in 2019, and the proceeding concluded in May 2025. JAC’s Brazilian business has since shrunk: the brand sold 988 cars and light commercial vehicles in 2025, down 51.1% year on year. Its launch in Brazil in 2011 included 50 dealerships opening on the same day; a proposed R$1 billion factory in Bahia was never built.
The company later narrowed its range, with sales largely focused on the E-JS1 electric hatchback and Hunter pickup. The E-JS1 registered 119 units in the first half of 2026, while the BYD Dolphin Mini recorded 42,946. SHC has shifted toward online and phone sales, with around 150 authorized workshops handling service. It had also indicated plans to introduce the seven-seat JS8 Pro around mid-November 2026, but the new restructuring filing leaves the launch uncertain; the group has not provided an updated confirmation.