Brazil has approved a national energy-transition plan and set up an electric-vehicle working group to track the country's EV adoption progress and promote the low-carbon transformation of the transport sector, according to Xinhua.
The move signals Brasilia's clear commitment to electrifying transport and is expected to unlock incremental demand in the Latin American market for Chinese automakers that have already localized production there.
Analysts say the policy is favorable to the overseas expansion of China's new-energy-vehicle supply chain, as Chinese brands have built manufacturing and distribution footprints across Brazil and neighboring countries.
Source: Xinhua News Agency
