@blcsfo: China's BYD and Great Wall pour billions into Brazil after Ford, Mercedes abandon the market Dec152024 BYD and Great Wall are Chinese carmakers, who enjoy surprising success in Brazil. This after Ford and Mercedes shuttered plants there, and industry experts widely predicted that Brazilian consumers would not accept Chinese brands, nor electric vehicles. But the economics of EV's, particularly in Brazil, are obvious in retrospect. What's more, the economics of manufacturing EV's in Brazil are similarly obvious: the entire natural resource supply chain for Electric Vehicles is located in Brazil and its neighbors. This is especially true of lithium, a vital component of EV batteries. Brazil has huge reserves of lithium, but it was only after the establishment of China's EV plants that deep investments were made to recover it. Now, Brazil's lithium industry is the most productive in the world on a cost basis, and will expand another 600% in the next four years. Resources and links: Substack, for video transcript and direct links https://open.substack.... Wall Street Journal, China's EV Makers Set Sights on Latin America in Global Expansion https://www.wsj.com/bu... S&P Global, Lithium leap: Brazil makes journey to become a leading supplier https://www.spglobal.c.. BYD raises investment in Brazil by 80%, aiming to begin operation in 2024 https://www.digitimes.... South China Morning Post, China's Great Wall Motors to open factory in Brazil in May: report https:www.scmp.com/n... Closing scene, Furong Ancient Town, Hunan #insidechinabusiness #kevinwalmsley #blcsfo #China中国

Will Lee李

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Monday 16 December 2024 17:06:04 GMT