As Brazil has become one of the most important target markets for China’s automakers seeking to manage their electric vehicle (EV) overcapacity, local auto industry and labor associations have expressed growing concerns over the impact of the flood of cheap Chinese cars.
China’s largest EV and plug-in hybrid car company, BYD, has shipped four batches of its products to Brazil so far this year, totaling about 22,000 vehicles.
It is estimated that in 2025, the import of complete vehicles from China to Brazil will increase by nearly 40 percent to 200,000 vehicles, accounting for about 8 percent of the country’s light vehicle registrations, according to Brazil’s main auto association….
Cheap Chinese EVs Flooding Brazil Raise Concerns Among Local Manufacturers
