Chinese EV makers are being shut out of the US, so they're targeting Mexico and Brazil instead

Sat, 06/01/2024 - 05:22

A blue BYD Shark pick-up truck parked on the breach. — The BYD Shark, a hybrid pickup unveiled by the Tesla rival in Mexico earlier this month.
BYD

Cheap Chinese EVs are unlikely to come to the US anytime soon after President Joe Biden hiked tariffs.
But Tesla rivals are proving a hit in Brazil and Mexico, where auto exports are booming.
Chinese EV companies are also eyeing expansion in Europe, but could face tariffs there too.

China's Tesla rivals have had the door to the US electric vehicle market slammed in their faces — so they're turning their attention to Brazil, Mexico, and Europe.