EVs
BYD clashes with auto giants over tax breaks
Chinese-made BYD vehicles are an increasingly familiar sight on Brazilian roads, thanks largely to their competitive price tags. Photo: Alf Ribeiro/Shutterstock
Chinese automaker BYD has become a disruptive force in Brazil’s electric vehicle market — and a target. As it ramps up production at a new facility in the northeastern state of Bahia, the company is lobbying for favorable tax treatment, triggering fierce backlash from local competitors and state governors.
The confrontation came to a head this week, when Brazil’s Foreign Trade Chamber (Camex) partially denied a request from BYD to slash import tariffs on semi- and fully disassembled EVs shipped from China. BYD had sought to reduce tariffs from…
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