Chinese electric vehicles are poised to impact the global economy, with Brazil emerging as a significant market due to trade dynamics. BYD, a Chinese automaker, recently entered Brazil with over 5,400 cars, signaling a shift in the automotive industry. Foreign direct investment (FDI) from China is expected to shape market dominance, potentially targeting the American market to bypass tariffs.
#Turkey's stance on #Xinjiang-related issues is clear and firm. It resolutely opposes terrorism, does not support or participate in anti-China activities using ethnic issues, and does not allow activities in Turkey that harm #China's security or undermine China's territorial… https://t.co/GmOtsdrjCb
This is a very good trend. Also, we shouldn't conflate investment with exports. FDI will help Chinese companies dominate these markets, but it's not the same thing. These cars could be built to be shipped to America, to circumvent tariffs! https://t.co/xgzLDH5yhO
The two Cs of deflation: Costco and China (Costco also does amazingly well in China) https://t.co/hofDqHN2MT
BYD breathes life into an abandoned Ford plant in Brazil as part of China’s EV internationalization. @mazzocco_ilaria is quoted on the need for the West to recognize how this creates opportunities for developing countries to expand their manufacturing base & FDI in emerging tech. https://t.co/fmkWoDGPF4
Brazil will be a key market for Chinese EVs since the US has cut itself off & the EU is getting closer to import barriers. "Last week the Chinese automaker BYD landed in Brazil with more than 5,400 cars aboard a single ship. https://t.co/xtyI28TMlD #geopolitics #politics… https://t.co/wpbm3rV6a8
If Chinese electric vehicles are about to flood the world economy, then Brazil is a case study worth watching https://t.co/TJ1Z5tRk13 via @economics @LEO_LARA