China wants to dominate the market for the cars of the future, and it has set its sights on Brazil’s giant auto market.
As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and hybrids to one of the world’s biggest markets.
China’s electric vehicle companies are making inroads in Thailand, a key industry hub, as Europe and the United States wield tariffs to keep them out.
After dominating sales in Thailand for decades, Mazda, Nissan and other Japanese companies are losing their grip on a market long viewed as a regional hub.
By selling battery-powered S.U.V.s and luxury sedans in places like Germany and Norway, China is striving to become a force in the global auto industry.