China's Chery Automobile Co. reportedly plans to invest as much as $700 million to build a production plant in Latin America's largest country.

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BING NEWS:
  • Chinese Carmakers’ Profits Squeezed Further as Rivalry Ramps Up
    Profit margins in China’s automotive industry were squeezed even further in 2024 as cut-throat competition continued to claim weaker electric vehicle makers.
    12/26/2024 - 6:11 pm | View Link
  • Contractor for Chinese electric-car giant BYD denies slavery claims at Brazilian factory construction site
    A task force said it had rescued 163 Chinese nationals who were working in “slavery-like” conditions at BYD’s construction site in northeastern Brazil.
    12/26/2024 - 2:06 am | View Link
  • 163 Workers Rescued From Shocking Slave-Like Conditions At BYD Construction Site In Brazil
    Authorities say workers slept on beds without mattresses, ate dirty food, and had to share one bathroom among 31 people ...
    12/24/2024 - 1:40 pm | View Link
  • Honda and Nissan set to take on China in electronic vehicles amidst merger plans
    Honda and Nissan plan to merge as the two Japanese firms seek to fight back against competition from the Chinese car industry. Joining forces would create one of the world's biggest car producers ...
    12/23/2024 - 1:35 pm | View Link
  • Japan’s car industry consolidates: Honda and Nissan reveal merger plan
    The Japanese car giants will merge to create the world’s third-largest automotive group by 2026, as the two companies struggle to keep up with global competitors.
    12/23/2024 - 12:04 pm | View Link
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