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Lula hosts meeting with Chinese company for BYD electric car factory in Bahia
President Luiz Inácio Lula da Silva will meet with the governor of Bahia, Jerônimo Rodrigues, and the Executive Vice President of BYD and President...
Brazil: Ford factory in Bahia may be transferred to China’s BYD, says governor
The governor of Bahia, Jerônimo Rodrigues (PT), confirmed on Monday (27) that he is negotiating with Chinese automaker BYD to retake the old Ford...
Automobile manufacturer BYD builds three new factories in Brazil
The Chinese car manufacturer BYD is building three new factories in Brazil: one for processing lithium for batteries.
According to an announcement by the state...
Chinese EV Makers Pivot to Mexico and Brazil Amid U.S. Tariffs
Chinese electric vehicle (EV) manufacturers, including BYD, are rushing shipments to Mexico and Brazil. This move responds to impending U.S. tariff hikes and trade...
Biden Introduces Sharp Tariff Hikes on Chinese Goods
On Tuesday, President Biden significantly raised tariffs on Chinese imports, including EVs, semiconductors, batteries, solar cells, steel, and aluminum.
These adjustments strive to counter China's...
Economic Revival: How Brazil’s Northeast Aims to Outpace National Growth
In Brazil, the Northeast is poised to reclaim its historic economic role. From 2026 to 2034, the region is set to grow by 3.4%...
Hybrid Cars Gain Momentum in Brazil Amid Electric Vehicle Uncertainties
In Brazil, the hybrid car market is gaining momentum as electric vehicle (EV) sales slow down in multiple markets due to dwindling government incentives...
China’s Corporate Profits: A Mixed Bag in 2023
In 2023, China's corporate landscape experienced varied outcomes, with non-financial firms reporting their first profit decline in five years.
These companies logged a combined profit...
Smart Wheels: China’s Shift to A.I. Cars
At the Beijing International Automotive Exhibition, Chinese automakers XPeng and Geely showcased their latest AI-integrated vehicles.
These innovations mark a shift from basic electric models...
Chinese Investment Boosts Brazil’s Northeast
Northeast Brazil, known for its economic challenges, is now seeing a bright future thanks to Chinese investment.
A recent seminar by the Pernambuco State Industry...
SQM’s Bold Lithium Expansion in Chile
SQM is expanding its lithium refinery in Chile's Atacama Desert with a $490 million project to meet the rising demand for electric vehicle batteries.
Despite...
Tesla’s Road Through Electric Vehicle Market Headwinds
Tesla, under Elon Musk's leadership, confronts significant challenges in maintaining its lead in the electric vehicle (EV) industry.
The company faces slower sales growth amidst...
China Southern Expands Global Reach with Direct Mexico Flights Amid Trade Shifts
China Southern Airlines, the leading airline in China, is about to start its first direct flight to Mexico by mid-April.
This step predicts more business...
Huawei Leads the New Wave in China’s EV Market
Huawei Technologies' car division, Aito, leads China's EV market, topping sales among new competitors for the second consecutive month.
In February, Aito sold 21,142 vehicles,...