Despite a scandal, China’s BYD is tapping Brazil to keep growing its EV sales
1 Articles
1 Articles
Despite a scandal, China’s BYD is tapping Brazil to keep growing its EV sales
When Chinese automaker BYD announced plans to build a massive factory in the hardscrabble city of Camacari, in Brazil’s northeastern Bahia state, locals saw a new beginning. After years of economic stagnation following Ford’s exit from the region in 2021, there was hope that the global leader in electric vehicles would bring back well-paying jobs and a brighter future.The timing seemed right. Brazil, the world’s sixth-largest auto market, is see…
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