Brazil

Thailand Plans About 30% Excise Tax on Imported EVs, Sets Three-Tier Rates

Thailand's finance minister said Thailand is finalizing an excise tax of about 30% on fully imported electric vehicles, compared with the current rate of about 10%. The new plan sets three excise tax tiers: fully imported vehicles at the highest rate, locally produced vehicles at the lowest, and locally assembled vehicles in the middle. Constrained by free trade agreements, Thailand cannot directly raise tariffs, so it is turning to excise taxes to encourage local investment and supply chain localization. Currently, nine electric vehicle manufacturers produce in Thailand, and some Chinese and European automakers plan to invest in Thailand to enjoy lower tax rates. The final rates are expected to be decided this month.

4047 days ago

US Presses Mexico to Tighten USMCA Origin Rules; AI Hardware Could Spill Over Into Auto Supply Chain

The United States is pressuring Mexico in negotiations to revise the US-Mexico-Canada Agreement, planning new rules of origin for AI hardware such as chips and servers to limit the share of components from outside North America and prevent Chinese companies from using Mexico as a route to evade tariffs. The rules would reference the automotive sector's 75% North American component threshold for tariff exemption and could spill over into automotive intelligence segments such as automotive chips. In the first half of this year, Mexico exported $83 billion of AI data center servers, 94% to the United States, up more than 170% year on year. Mexico has agreed to raise tariffs on China but opposes mandatory US-made components. Negotiations are expected to begin as early as next week in Washington.

3027 days ago

Renault-Geely Expand Brazil Investment as Maserati Weighs Huawei, JAC Tie-Up

In September 2025, Renault and Geely announced an additional EUR 319 million investment in Brazil through a joint venture, with their total investment in Brazil from 2025 to 2027 reaching EUR 899 million, giving Geely access to Renault's existing plants and dealer network. In the same period, reports said Maserati planned to cooperate with Huawei and JAC to develop two electric vehicles, adopting an SKD model with body-in-white from Hefei and assembly in Italy; the brand's global shipments in 2025 were less than 8,000 units, with an adjusted operating loss of EUR 198 million. Both paths point to a combination of technology export and localized production capacity.

2917 days ago

China Passenger Vehicle Export Overview (Jan.-Jul. 2026): Russia Leads with 524,428 Units

According to Gasgoo Automotive Research Institute, China's passenger vehicle and NEV exports continued to grow in the first seven months of 2026. Russia led with 524,428 units (+143.4% YoY), followed by Brazil with 408,393 units (+148.4% YoY). The global market footprint is becoming increasingly diversified.

32015 days ago

H1 2026 China Auto Exports Hit 5.31M Units: Russia Returns to #1, Brazil Tops NEV Exports

CPCA data shows China exported 5.31 million vehicles in H1 2026, up 53% YoY. Russia led with 433K units, followed by Brazil at 394K. For NEV exports, Brazil was the top destination at 293K units. BYD's Hungary plant begins Q4 production; Geely acquired Ford's Spain plant; XPeng produces locally via Magna Austria.

43639 days ago

Farizon 600,000th Unit Rolled Out: 4 Consecutive Years as Global #1

On August 10, 2026, with the Homtruck European Edition rolling off the line, Farizon's cumulative production exceeded 600,000 units, making it the world's first NEV commercial vehicle brand to reach this milestone. Farizon has ranked #1 in NEV commercial vehicle sales for 4 consecutive years.

26646 days ago

BYD Exported 370K Units in Five Months, Brazil Alone Claims 187K

BYD exported 370,000 passenger vehicles in Jan.-May 2026, with Brazil leading at 186,921 units. Four European countries, Australia, and Middle Eastern markets expanded simultaneously, supported by a dual-powertrain strategy.

55265 days ago

BYD Exports Over 186,000 Units to Brazil in Jan-May, Topping Overseas Markets

From January to May 2026, BYD's passenger vehicle exports continued rapid growth, with Brazil leading at 186,921 units as the largest overseas market. Multiple European countries and Australia entered the top ten, and the dual-tech route differentiated deployment strategy accelerated global expansion.

44069 days ago

Russia Scrap Tax Up 30% + Brazil 35% Tariff Takes Effect: Chinese Automakers Accelerate Overseas Localization

From July 1, Russia raised scrap tax by 30% and Brazil restored EV import tariffs to 35%. Under dual tariff barriers, Chinese auto exports to Russia fell nearly two-thirds, while Brazil offers CKD low-rate and zero-tariff quotas for localization.

67974 days ago

Russia Raises Recycling Fee on Non-Locally Produced Vehicles, Chinese Automakers' Export Costs Rise ~10%

In the second half of 2026, China's NEV exports face new trade policy variables. Russia increased recycling fees on non-locally produced vehicles from July 1, raising Chinese automakers' export costs by approximately 10%. Taking Geely Monjaro as an example, retail prices rose by about 500,000 rubles. Brazil plans to increase NEV import tariffs to 35%, further raising barriers to the South American market. Meanwhile, Central Asian markets' acceptance of Chinese new energy brands continues to climb, with Hallgós customs data showing Chinese brands maintaining strong sales locally.

68884 days ago

China's Q1 Auto Export Data Released: Brazil Surpasses Russia

Data from Gasgoo Automotive Research Institute shows that in Q1 2026, China's auto export market structure underwent significant changes, with Brazil exporting 286,000 vehicles to surpass Russia and become China's largest auto export destination for the first time.

56688 days ago

BYD Accelerates RHD Market Push as Overseas Plants Hit Full Production

BYD is accelerating its right-hand drive market expansion with full production at its Thailand and Uzbekistan plants. In May 2026, BYD exported 160,000 new energy vehicles, up 80.7% year-over-year. The Brazil plant also commenced operations in Q2 2026. Combined overseas capacity now exceeds 450,000 units annually, making localized production a core pillar of BYD's global strategy.

78291 days ago