Reported about 19 hours ago
China's major electric vehicle producer BYD has begun flooding Brazil with affordable EVs, prompting fears among local industry leaders and labor groups that this surge could harm domestic production and job creation. The influx sharply contrasts with Brazil's historical response to foreign imports, leading to calls for increased tariffs on Chinese vehicles amidst concerns about the lack of local production investment. As Brazil's green-car movement is still developing, the dependency on Chinese imports represents a challenging balance between facilitating EV adoption and protecting local industries.
Source: YAHOO