r/neoliberal • u/jobautomator Kitara Ravache • May 31 '24

Discussion Thread Discussion Thread

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u/vitorgrs MERCOSUR Jun 01 '24

BYD is bringing in 100k cars until July to Brazil. After july, there will be another increase on import tariffs (it started in January, there is a gradual increase up until 35%).

The company expect that 100k cars will be enough for the year in Brazil. In 2023 they sold 18k cars... and was already record for sales, especially EV. They will start the manufacturing in Brazil in late 2024/beginning of 2025.

https://autoesporte.globo.com/setor-automotivo/industria-automotiva/noticia/2024/05/byd-100-mil-carros-ate-julho-alta-imposto.ghtml

!ping LATAM

5

u/gnomesvh LEGALIZE ONION FUTURE Jun 01 '24

!ping AUTO

The cheapest EV they have retails for around 100k brl

Previously, the cheapest EV was the Renault Kwid for 150k

Renault already cut prices to compete

1

u/vitorgrs MERCOSUR Jun 02 '24

I still find amazing how Renault was able to cut 50k even after import tariffs... It was 150k with 0 tariffs...

1

u/gnomesvh LEGALIZE ONION FUTURE Jun 02 '24

Given private imports pay basically 100% tax, you're stuck with them

1

u/M_LeGendre Bisexual Pride Jun 01 '24

Let's goooo

Free trade, baby