China's Dominance in Electric Vehicle Production

China has emerged as a leader in the electric vehicle (EV) market, with BYD becoming the largest manufacturer globally, surpassing Tesla with over $100 billion in revenue last year. The company is strategically expanding its reach into emerging markets, particularly in Latin America, to mitigate the impacts of U.S. tariffs and capitalize on growing demand for electric cars. In Brazil, BYD's sales have skyrocketed, with over 76,000 vehicles sold last year, thanks in part to targeted advertising that resonates with local culture, like featuring famous figures such as soccer legend Pelé. This expansion includes a significant investment in a nearly billion-dollar manufacturing plant in Bahia, highlighting China's intent to dominate the EV market in the region.