iStock; Rebecca Zisser/BI
- China's EV upstarts appear to be plotting world domination.
- They are targeting developing markets like Brazil and Indonesia as the US and Europe impose tariffs.
- Experts told BI that Western car giants run the risk of ceding the rest of the world to China.
When Ford closed its factory at Camaçari in the Brazilian state of Bahia in 2021, it ended a century of manufacturing in Brazil.