Published: May 28, 2024, 05:45 IST | Updated: May 28, 2024, 05:45 IST
World Business Watch May 28, 2024, 05:45 IST
Brazil surpasses Belgium as top market for Chinese EVs
A recent surge in exports has propelled Brazil to the top market for Chinese new energy vehicles, surpassing established European markets. Data shows a 13-fold increase in n-e-v exports to brazil in April 2024, signifying a clear pivot by Chinese automakers in response to the EU's anti-subsidy probe.