Brazil is consolidating as the New Regional Electromobility Pole. For 2024 and what goes from 2025, the neighboring country received record investment ads for almost U $ 23,000 millionheaded by Chinese giant as Byd, Great Wall Motors and Gac.
There the production of electric and hybrid vehicleswith developments adapted even to the use of ethanol, added to innovation centers and a network of local suppliers.
In contrast, the Argentina barely caught US $ 1.5 billion In the same period, without participation of Chinese brands. The difference is overwhelming: a ratio of 15 to 1. while Brazil It advances with the Move program, tax incentives and stable regulatory frameworks, the lack of a clear industrial policy leaves the Argentine industry in an increasingly vulnerable place, as the economist Martín Alfie said in his analysis.
Brazil attracts millionaire investments of Chinese automotive: Is the future of the Argentine industry in danger?
The risk is evident. Today, 70% of the cars produced by Argentina are exported to Brazil. If electric production is concentrated there, the country’s plants could be relegated to traditional technologies, just when the world accelerates the transition: in 2024 they were sold 17 million electric vehicleswith China manufacturing 70%.
The clock runs. Total trade with Brazilplanned for 2029, could expose the national industry to unequal competition.
The Brazilian example shows that with strategic vision and taking advantage of its strengths, it is possible to attract decisive investments. Argentina must define its role in the mobility of the future before it is too late.
Mexico and Brazil strengthen cooperation in investments
On the other hand, Brazil and Mexico improve their cooperation in the sector. Mexico evaluates to adopt bioethanol and Brazil will make the import barriers of Mexican vehicles more flexible. During his official visit to Mexico, the Vice President of Brazil, Geraldo Alckminheaded the signing of two cooperation agreements between the two countries.
The first, subscribed with the Ministry of Energy, seeks to promote the development of biofuels in Mexico from the extensive Brazilian experience in bioethanol, biodiesel and sustainable fuels for aviation and maritime transport. The second agreement was a memorandum of understanding between the Ministry of Economy and the Brazilian Export Promotion Agency (APEX), aimed at strengthening bilateral trade, investment attraction and business competitiveness.
Authorities of both governments stressed that these instruments reinforce the strategic relationship between Mexico and Brazil, They promote technological exchange and consolidate the commitment to innovation, sustainability and joint economic growth.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
