Why are 70,000 Chinese electric vehicles clogging the Brazilian port?

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Why are 70,000 Chinese electric vehicles clogging the Brazilian port? - Business Standard

Quick Summary:

The company, which entered Brazil in 2021, gained market share by offering competitively priced EVs, such as its entry-level model priced at just 115,800 reais ($19,100) — cheaper than many petrol-powered rivals.

After initially dominating Brazil’s emerging EV market, Chinese manufacturers now face stiff competition and slowing demand.

Why are 70,000 Chinese electric vehicles clogging the Brazilian port?