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It is reported that Chinese electric vehicles are expanding their influence in the Latin American market. In the first four months of this year, the sales of Chinese electric vehicles in the Brazilian market reached eight times that of the same period last year. Brazil has overtaken Belgium to become the largest export market for Chinese new energy vehicles. In April, China’s exports of BEVs and PHEVs to Brazil surged 13 times year-on-year to reach 40,163 units, making Brazil China’s largest export market for new energy vehicles for the second consecutive month.

Additionally, according to the news released by Bloomberg, the Brazilian government will launch a series of plans to rebuild the auto industry and accelerate the green transition to attract investment in the auto industry. It is reported that BYD and GreatWall Motor plan to build a local plant and will sell electric vehicles throughout Latin America in the future.

BYD is expected to start production at a new plant in Brazil in mid-2025, while GreatWall Motor plans to produce SUV models at a factory near São Paulo by the end of this year. And at the same time, it is reported that Mexico will not provide incentives such as low-cost land or tax breaks for investments in Chinese electric vehicle production.

Source: WeChat Official Account—电动知家

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