TradeNotableConfirmed
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Renault and Geely to Invest R$2B in Brazil for Joint EV Production
InfoMoney·BR · FR · CN·4 days ago
The influx of Chinese cars in Brazil is now depressing prices of used compact SUVs, extending a price war that began with medium-sized semi-new SUVs. This signals intensifying competitive pressure on domestic and legacy automakers, with potential implications for trade flows and local manufacturing.