China’s plan to sell cheap EVs to the rest of the world

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Upgrade to get full access to all premium news on Yahoo Finance and get more great articles like this free preview. The resurrection of a car plant in Brazil’s poor north-east stands as a symbol of China’s global advance — and the west’s retreat. BYD, the Shenzhen-based conglomerate, has taken over an old Ford factory in Camaçari, which was abandoned by the American automaker nearly a century after Henry Ford first set up operations in Brazil. When Luiz Inácio Lula da Silva, Brazil’s president, visited China last year, he met BYD’s billionaire founder and chair Wang Chuanfu. After that meeting,...