Emily Vihonsky, analyst for Americas vehicle production forecasts at Global Data: “A combination of factors has led to the slew of recent investment announcements from automakers operating in South America, specifically Brazil. The recent wave of Chinese investments has shaken up the market as automakers BYD Auto and Great Wall Motor share optimistic goals for domestic production with lineups consisting of hybrid and electric vehicles (EVs) to take place over the 2024-2025 period. In addition, the Brazilian government is expected to increase taxes on imported light vehicles, incentivizing a shift toward increased domestic production. Investment announcements from automakers including Stellantis, General Motors and Toyota to name a few, have shared intentions to…”
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