Chinese electric vehicle giant BYD is set to begin assembling battery electric vehicles (BEVs) in Brazil this year. The Shenzhen, China-based automaker first entered the Brazilian market in 2021 and sold more than 100,000 electric cars before the Brazilian government reintroduced import tariffs on BEVs, hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). With their introduction, BYD risked losing access to its largest foreign market as the import duties would make it increasingly harder for the automaker to sell its affordable electric cars at low prices in Brazil.
It would be interesting to hear what ideas firms like SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) have for similarly expanding their…
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