Inside China Business China’s BYD and Great Wall pour billions into Brazil after Ford, Mercedes abandon the market

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «Inside China Business» (@Inside_China_Business). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: BYD and Great Wall are Chinese carmakers, who enjoy surprising success in Brazil. This after Ford and Mercedes shuttered plants there, and industry experts widely predicted that Brazilian consumers would not accept Chinese brands, nor electric vehicles. But the economics of EV’s, particularly in Brazil, are obvious in retrospect. What’s more, the economics of manufacturing EV’s in Brazil are similarly obvious: the entire natural resource supply chain for Electric Vehicles is located in Brazil and its neighbors. This is especially true of lithium, a vital component of EV batteries. Brazil has huge reserves of lithium, but it was only after the establishment of China’s EV plants that deep investments were made to recover it. Now, Brazil’s lithium industry is the most productive in the world on a cost basis, and will expand another 600% in the next four years. Resources and links: Substack, for video transcript and direct links Wall Street Journal, China’s EV Makers Set Sights on Latin America in Global Expansion S&P Global, Lithium leap: Brazil makes journey to become a leading supplier BYD raises investment in Brazil by 80%, aiming to begin operation in 2024 South China Morning Post, China’s Great Wall Motors to open factory in Brazil in May: report Closing scene, Furong Ancient Town, Hunan