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Feb 4 • 17:23 UTC • 🇧🇷 Brazil • Folha (PT)

Car manufacturers' CEOs send letter to Lula against benefits favoring BYD

CEOs of four major car manufacturers in Brazil have sent a letter to President Luiz Inácio Lula da Silva, opposing the extension of tax benefits that had previously eliminated import taxes on disassembled electric vehicle kits, which primarily benefited the Chinese company BYD.

#brazil #lula #car manufacturers #tax benefits #byd
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