For decades, Chinese companies have distinguished themselves abroad by undertaking large-scale construction and energy projects. Now, however, as many parts of the world enter a new phase of development, they are tweaking their strategies to better align with the evolving environment. Their focus is on generating revenue through higher-value business ventures that are more suited to the changing scene.
For instance, just as multinational automotive manufacturers such as General Motors Co from the United States and Stellantis NV from the Netherlands recently revealed plans to upgrade their production facilities in Brazil and launch a hybrid vehicle in that country later this year, Chinese automaker BYD initiated the construction of its new manufacturing facilities in the Brazilian state of Bahia in early March.
BYD’s Brazil unit will produce electric and hybrid vehicles, electric buses and trucks, and battery products for both local and global markets.
https://www.chinadaily.com.cn/a/202404/01/WS660a074aa31082fc043bfae2.html