Chinese Companies Make Major EV Investments in Brazil

July 26, 2023 11:20:26

BYD, the largest electric vehicle manufacturer in the world, has announced that it will construct an industrial complex in northeastern Brazil. Headquartered in China, BYD has surpassed Tesla in sales in its local market and is now threatening to challenge Tesla’s supremacy on the global stage.

BYD’s global vice president Stella Li made the announcement during a packed event in early July, stating that the company’s dream is to…

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