Chinese EV Giants Hammered by Biden Tariff Are Welcome in Brazil

News Snapshot:

Shut out of US markets and under fire in Europe, China’s electric carmakers are zeroing in on the countries where they’re welcome. One of the big ones is Brazil. BYD Co. and Great Wall Motor Co. already dominate EV sales in the world’s sixth-largest auto market. Now the two Chinese giants are are building factories there too — which will help them sell cars free of tariffs across Latin America, just as President Joe Biden pledges 100% charges in the US. That may become the blueprint for other industries and regions. China’s powerhouse manufacturers have raised hackles worldwide because cheap...