China’s Global Electric Vehicle Boom

Sales of electric vehicles worldwide have been growing and the largest manufacturer of EVs is China’s BYD. Their global revenue was over $100 billion in 2024, beating Tesla. To keep up that growth and to try to stave off the pain of U.S. tariffs, BYD is expanding in emerging markets. One of the markets where their cars are selling big is Brazil, where BYD is investing nearly a billion dollars in a factory. But as our Brazil correspondent tells us there have been some difficulties along the way.

(Image credit: Tuane Fernandes)