IBOV 175,974 ▲ 1.87% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL5.11▼ 0.06% USD/MXN17.52▼ 0.16% USD/CLP925.39▼ 0.25% USD/COP3,254▼ 2.65% USD/PEN3.40▼ 0.14% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.84▼ 0.90% BRENT 76.46 ▲ 0.21% WTI 72.08 — 0.00% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.82% GOLD 4,100 ▼ 0.74% SILVER 59.99 ▼ 0.65% SOY 1,179 ▼ 0.06% CORN 451.00 ▲ 5.44% WHEAT 635.00 ▲ 3.89% COFFEE 320.50 ▼ 10.21% SUGAR 14.85 ▼ 1.79% ORANGE JUICE 146.10 ▼ 2.54% COTTON 80.08 ▲ 5.15% COCOA 5,852 ▼ 7.24% BEEF 231.53 ▼ 1.58% CATTLE 357.13 ▲ 0.27% LITHIUM 72.10 ▼ 0.99% PETR4 39.52 ▲ 0.79% VALE3 73.29 ▲ 0.19% ITUB4 43.42 ▲ 1.95% BBDC4 18.45 ▲ 2.50% ABEV3 15.94 ▲ 1.40% BBAS3 20.39 ▲ 1.95% B3SA3 15.33 ▲ 3.65% WEGE3 46.34 ▲ 1.31% PRIO3 55.48 ▼ 0.23% SUZB3 41.55 ▲ 1.27% RENT3 40.94 ▲ 3.91% AZZA3 19.02 ▲ 3.03% CSAN3 3.98 ▲ 3.11% RAIZ4 0.37 — 0.00% PCAR3 2.78 ▲ 0.72% GMAT3 3.97 ▲ 1.02% PSSA3 54.36 ▲ 1.89% CVCB3 1.26 ▲ 0.80% POSI3 3.94 ▲ 2.34% SLCE3 13.92 ▲ 0.94% NATU3 8.55 ▲ 1.06% BRKM5 6.51 ▲ 2.36% RANI3 7.96 ▲ 1.27% CSNA3 5.00 ▲ 4.17% CMIN3 5.07 ▲ 4.97% USIM5 8.28 ▼ 0.84% GGBR4 22.68 ▲ 0.89% ENEV3 26.77 ▲ 2.18% CPFE3 47.36 ▲ 2.31% CMIG4 11.30 ▲ 1.99% EQTL3 40.69 ▲ 2.99% LREN3 14.67 ▲ 3.67% VIVT3 35.19 ▲ 2.00% RAIL3 14.19 ▲ 3.20% KLABIN 17.58 ▲ 1.03% RAIA DROGASIL 18.55 ▲ 2.32% RDOR3 36.04 ▲ 2.53% HAPV3 10.48 ▲ 4.07% FLRY3 16.08 ▲ 2.10% SMTO3 16.16 ▲ 0.69% UGPA3 30.68 ▲ 1.93% VBBR3 32.46 ▲ 1.12% BBSE3 39.79 ▲ 1.30% BPAC11 57.40 ▲ 3.09% CURY3 34.02 ▲ 4.04% AERI3 2.03 ▼ 1.46% VIVARA 23.10 ▲ 2.30% COMPASS 24.90 ▲ 0.89% VAMOS 3.06 ▲ 3.38% SANB11 26.83 ▲ 2.21% ASAI3 8.99 ▲ 6.26% SBSP3 30.74 ▲ 2.47% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.24% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 0.98% KOF 180.82 ▼ 1.26% GRUMA 282.29 ▼ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 — 0.00% COPEC 6,020 — 0.00% BSANTANDER 77.50 — 0.00% FALABELLA 5,851 — 0.00% ENELAM 84.16 — 0.00% CENCOSUD 2,057 — 0.00% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 — 0.00% LATAM AIR 26.40 — 0.00% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.43 ▲ 0.26% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 395.80 ▲ 0.99% SOUTHERN COPPER 174.00 ▼ 0.25% BUENAVENTURA 29.35 ▼ 0.68% MERCADOLIBRE 1,824 ▲ 0.88% NUBANK 13.93 ▲ 1.90% XP 16.99 ▲ 3.53% PAGSEGURO 9.24 ▲ 2.67% STONE 11.15 ▲ 1.73% GLOBANT 32.08 ▲ 2.51% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 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SILVER 59.99 ▼ 0.65% SOY 1,179 ▼ 0.06% CORN 451.00 ▲ 5.44% WHEAT 635.00 ▲ 3.89% COFFEE 320.50 ▼ 10.21% SUGAR 14.85 ▼ 1.79% ORANGE JUICE 146.10 ▼ 2.54% COTTON 80.08 ▲ 5.15% COCOA 5,852 ▼ 7.24% BEEF 231.53 ▼ 1.58% CATTLE 357.13 ▲ 0.27% LITHIUM 72.10 ▼ 0.99% PETR4 39.52 ▲ 0.79% VALE3 73.29 ▲ 0.19% ITUB4 43.42 ▲ 1.95% BBDC4 18.45 ▲ 2.50% ABEV3 15.94 ▲ 1.40% BBAS3 20.39 ▲ 1.95% B3SA3 15.33 ▲ 3.65% WEGE3 46.34 ▲ 1.31% PRIO3 55.48 ▼ 0.23% SUZB3 41.55 ▲ 1.27% RENT3 40.94 ▲ 3.91% AZZA3 19.02 ▲ 3.03% CSAN3 3.98 ▲ 3.11% RAIZ4 0.37 — 0.00% PCAR3 2.78 ▲ 0.72% GMAT3 3.97 ▲ 1.02% PSSA3 54.36 ▲ 1.89% CVCB3 1.26 ▲ 0.80% POSI3 3.94 ▲ 2.34% SLCE3 13.92 ▲ 0.94% NATU3 8.55 ▲ 1.06% BRKM5 6.51 ▲ 2.36% RANI3 7.96 ▲ 1.27% CSNA3 5.00 ▲ 4.17% CMIN3 5.07 ▲ 4.97% USIM5 8.28 ▼ 0.84% GGBR4 22.68 ▲ 0.89% ENEV3 26.77 ▲ 2.18% CPFE3 47.36 ▲ 2.31% CMIG4 11.30 ▲ 1.99% EQTL3 40.69 ▲ 2.99% LREN3 14.67 ▲ 3.67% VIVT3 35.19 ▲ 2.00% RAIL3 14.19 ▲ 3.20% KLABIN 17.58 ▲ 1.03% RAIA DROGASIL 18.55 ▲ 2.32% RDOR3 36.04 ▲ 2.53% HAPV3 10.48 ▲ 4.07% FLRY3 16.08 ▲ 2.10% SMTO3 16.16 ▲ 0.69% UGPA3 30.68 ▲ 1.93% VBBR3 32.46 ▲ 1.12% BBSE3 39.79 ▲ 1.30% BPAC11 57.40 ▲ 3.09% CURY3 34.02 ▲ 4.04% AERI3 2.03 ▼ 1.46% VIVARA 23.10 ▲ 2.30% COMPASS 24.90 ▲ 0.89% VAMOS 3.06 ▲ 3.38% SANB11 26.83 ▲ 2.21% ASAI3 8.99 ▲ 6.26% SBSP3 30.74 ▲ 2.47% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.24% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 0.98% KOF 180.82 ▼ 1.26% GRUMA 282.29 ▼ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 — 0.00% COPEC 6,020 — 0.00% BSANTANDER 77.50 — 0.00% FALABELLA 5,851 — 0.00% ENELAM 84.16 — 0.00% CENCOSUD 2,057 — 0.00% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 — 0.00% LATAM AIR 26.40 — 0.00% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.43 ▲ 0.26% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 395.80 ▲ 0.99% SOUTHERN COPPER 174.00 ▼ 0.25% BUENAVENTURA 29.35 ▼ 0.68% MERCADOLIBRE 1,824 ▲ 0.88% NUBANK 13.93 ▲ 1.90% XP 16.99 ▲ 3.53% PAGSEGURO 9.24 ▲ 2.67% STONE 11.15 ▲ 1.73% GLOBANT 32.08 ▲ 2.51% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 — 0.00% AMX ADR 25.95 ▲ 0.43% FEMSA ADR 127.02 ▲ 0.01% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.18 ▲ 0.88% VALE ADR 14.33 ▲ 0.77% ITAU ADR 8.45 ▲ 2.03% SANTANDER BR 5.30 ▲ 3.11% AMBEV ADR 3.09 ▲ 1.48% CSN 0.99 ▲ 3.29% GERDAU 4.46 ▲ 1.13% LATAM ADR 57.10 ▲ 0.10% BTC 64,338 ▲ 1.81% ETH 1,800 ▲ 3.19% SOL 78.91 ▲ 1.11% XRP 1.11 ▲ 1.33% BNB 574.60 ▲ 1.08% ADA 0.17 ▲ 0.90% DOGE 0.07 ▲ 1.75% AVAX 6.74 ▲ 0.85% LINK 7.97 ▲ 3.10% DOT 0.88 ▲ 7.02% LTC 44.59 ▲ 1.88% BCH 253.32 ▲ 6.54% TRX 0.33 ▼ 0.41% XLM 0.19 ▲ 2.43% HBAR 0.07 ▲ 1.21% NEAR 1.92 ▲ 0.08% ATOM 1.58 ▲ 1.82% AAVE 95.94 ▲ 5.13% 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Friday, July 10, 2026

A Chinese Electric Car Just Became the Best-Selling Vehicle in Brazil

By · March 3, 2026 · 3 min read

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Key Points
BYD’s Dolphin Mini became the first fully electric car to lead Brazil’s retail sales ranking, with 4,100 units sold at dealerships in February
Chinese brands now hold 16.3% of Brazil’s passenger car market, up from 9.8% a year ago, with projections pointing toward 20% by year-end
Import tariffs on electric vehicles will rise to 35% in July, but BYD is already assembling the Dolphin Mini at its new factory in Bahia

For the first time in the history of Brazil’s automotive market, a fully electric car has topped the monthly retail sales chart. The BYD Dolphin Mini, a compact four-door hatch priced from R$119,990 ($20,000), outsold every gasoline and ethanol model at Brazilian dealerships in February, moving 4,100 units through showroom floors alone.

The milestone is narrow in scope but broad in symbolism. When fleet sales to rental companies are included, the Dolphin Mini drops to 11th place, behind combustion stalwarts like the Fiat Strada pickup, the Volkswagen Polo, and the Chevrolet Onix. But in the retail channel, where individual consumers walk into showrooms and make choices with their own money, an electric car from a Chinese manufacturer beat them all.

How a $20,000 EV Won the Showroom

The Dolphin Mini is not a luxury vehicle. It produces 75 horsepower, carries a 38 kWh battery with around 280 kilometers of range, and reaches 100 km/h in a leisurely 14.9 seconds. What it offers is a compelling cost argument: operating expenses up to 79% lower than comparable combustion vehicles, driven by cheaper electricity and minimal maintenance. In a country where gasoline prices are volatile and urban commutes are punishing, that math resonates.

A Chinese Electric Car Just Became the Best-Selling Vehicle in Brazil. (Photo Internet reproduction)
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The model launched in Brazil in February 2024 and has since moved more than 62,000 units, making it the best-selling electric vehicle in the country’s history. It was named World Urban Car of the Year in 2025. In January 2026, it cracked Brazil’s overall top 20 for the first time. By February, it was number one in the retail channel.

The Bigger Picture: China’s Takeover

The Dolphin Mini’s breakthrough is part of a broader transformation. Chinese automakers collectively held 16.3% of Brazil’s passenger car market in February, nearly double the 9.8% they held a year earlier. Consulting firm K.Lume projects that share will approach 20% by the end of 2026. BYD alone reached a record 6% market share in January, placing it fifth overall behind only Fiat, Volkswagen, Chevrolet, and Hyundai.

The scale of China’s automotive push in Brazil has few parallels. Chinese brands captured more than 80% of all EV sales in early 2025. Brazil imported roughly 138,000 electric and hybrid vehicles from China in 2024, nearly 100,000 more than the previous year. Unlike the United States, where a 102.5% tariff effectively blocks Chinese EVs, or the EU with duties up to 48%, Brazil has been far more receptive.

The Tariff Clock Is Ticking

That openness is narrowing. Brazil reintroduced import tariffs on electric vehicles in 2024 as part of a phased schedule. Current rates range from 25% to 30% depending on the technology. In July, all categories will converge at 35%, the final rate. The approaching deadline may be fueling a rush to buy before prices climb, which partly explains the Dolphin Mini’s February surge.

But BYD has already moved to neutralize the tariff threat. In July 2025, the first Brazilian-assembled Dolphin Mini rolled off the production line at BYD‘s new factory complex in Camacari, Bahia, a former Ford plant repurposed for electric vehicle manufacturing with a capacity of 150,000 units per year. Great Wall Motor, Geely, and Omoda are also opening or planning Brazilian assembly facilities.

The shift from imports to local production marks a new phase in the competition. Legacy automakers like Volkswagen, Stellantis, and Toyota are preparing their own hybrid and electric models for Brazilian assembly in 2026. But for now, the symbolic victory belongs to a compact Chinese electric car that costs less than a mid-range SUV and just outsold everything on the showroom floor.

This is part of The Rio Times’ daily coverage of Latin American news and Latin American financial news.

For more context, read Brazil’s Morning Call and the USD/BRL exchange rate report.

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