The Chinese flooded Brazil with electric cars and hybrids, and in return received protective duties (1 photo)

13 April 2024

Aggressive sales of the increasingly powerful Chinese auto industry are frightening not only AvtoVAZ, Europe and the USA. In Brazil, a similar picture is now observed: imports of passenger cars produced in China in the first quarter of 2024 increased by 450% compared to 2023.

Cars from Chinese brands accounted for 40% of all cars imported into Brazil, with most of them being either hybrids or pure electric vehicles. Thus, out of 36,090 hybrid models sold in the country in the first quarter of 2024, 14,939 were supplied by BYD, 5,735 by Great Wall and 5,049 by Toyota.

In order to protect the interests of domestic automakers, the Brazilian government imposes protective duties. If previously electric cars were exempt from import taxes, then from January they are already subject to a fee of 10% of the cost. In July 2024, this figure will rise to 18% and reach 35% in July 2026. The same applies to hybrids: an increase in rates by 15% from January, by 25 and 35% in the periods indicated above.

Taking this into account, BYD is rapidly building an industrial complex in Brazil, which they plan to complete turnkey by the end of 2024. The plant will be able to produce 150,000 environmentally friendly cars per year, including the budget Dolphin hatch, Song Plus and Yuan Plus SUVs.

Add your comment
  • bowtiesmilelaughingblushsmileyrelaxedsmirk

You might be interested in: