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Thousands of Chinese EVs Clog Up Brazil’s Ports in Slowdown

Livemint · 10d

Brazilian ports have become congested with unsold Chinese electric vehicles (EVs), signalling challenges for China's automakers and their global growth ambitions. Companies like BYD and Great Wall Motor have found success in Brazil, which is the world's sixth-largest auto market, but are now facing increasing competition, slowing EV growth rates, and the reintroduction of import tariffs. To maintain market share and push back against domestic manufacturers, BYD flooded Brazil with vehicles ahead of the tariffs. However, finding new customers for EVs in a country with limited charging infrastructure remains a challenge. BYD and Great Wall Motor are planning to open factories in Brazil to speed up adoption. Other Chinese automakers are also expanding into Brazil due to tax barriers in Europe and the US. Established automakers such as Volkswagen, Toyota, and Renault have announced considerable investments in hybrid vehicles in Brazil.