In recent years, South America has been vigorously supporting the field of new energy vehicles and motorcycles.
Among them, Brazil has even canceled import taxes on electric vehicles and fuel cells.
The reason is that South American countries lack sustainable projects for producing and selling electric vehicles, and can only reduce the price of electric vehicles through subsidies to foster early market development.
Aiya established its sales channel in Brazil a few years ago, heavily pushing sales of electric motorcycles in the country.
If Yiyang Automobile introduces Aiya as a shareholder, it could leverage Aiya's channels in Brazil to attempt to sell electric cars there.
Because Yiyang Automobile has already decided that the first batch of models will be extremely low-cost ride-hailing type electric energy cars, the price is unbelievably cheap, which is perfect for sales in countries like South America with lower consumption capabilities.
