BYD's takeover of an old Ford factory in Brazil for electric vehicle manufacturing signals China's strategic global advance amid the west's retreat.
Rising protectionism in the US and Europe, exemplified by new tariffs on Chinese cleantech products, could inadvertently drive emerging markets towards Chinese investments.
Joe Biden's tariffs on Chinese electric vehicles and restrictions on Chinese investment aim to protect American interests, impacting the global auto market by excluding Chinese EV leaders.
The EU's anti-subsidy investigation into Chinese electric cars reflects efforts to shield European carmakers from low-cost Chinese competition, mirroring the US and EU's increasing scrutiny on Chinese investments and tariffs.
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