Exclusive News: China Delays Approval of Geely and BYD's Investment Plans in Latin America -- Sources
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China has delayed the approval of Geely and BYD's investment plans in Latin America due to the uncertainty of U.S. tariffs, which has exacerbated trade and economic risks. Geely hopes to acquire a minority stake in Renault's Brazilian operations, while BYD plans to build a factory in Mexico. The National Development and Reform Commission of China stated that these plans pose risks of technology transfer, leading to extended review times and requiring companies to submit more materials. Nevertheless, the cooperation between Geely and Renault has already shown results, with electric vehicles launched in Brazil
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