Stella Li, Executive Vice President of BYD and CEO of BYD Americas, said on May 15 that the Shark pickup truck will be one of the models that the Chinese manufacturer will assemble at its plant in Camaçari (BA). The first hybrid pick-up on the market is due to arrive in Brazil in September, and is currently still being imported from China.

Boosted by shipments of oil, unroasted coffee and Brazilian soybean meal, the volume exported by Brazil to the European Union jumped 46.2% in April 2024 compared to the same period in 2023, according to the Foreign Trade Indicator (Icomex) released on May 16 by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV).

Temu, which operates Pinduoduo's international e-commerce and is China's third largest digital services platform, is seeking certification from the Federal Revenue Service to join the Remessa Conforme program. This program allows companies to import goods worth up to US$50 without incurring the 60% import tax, as well as facilitating customs clearance.

IM Motors confirmed that it will reach the Portuguese market in 2025. The brand, founded in 2020 and belonging to the Chinese group SAIC, will present itself at the ECAR Show, which takes place at the Lisbon International Fair (FIL) on May 17, 18 and 19.

Biomm, a Brazilian biotechnology company, concluded on May 16 an exclusive agreement with the Chinese Kexing Biopharm Co. Ltd. for licensing, commercialization and distribution of the biosimilar drug liraglutide in Brazil. The agreement is important for Biomm's growth strategy, which is based on diversifying the portfolio to serve several therapeutic areas.

China has supported the country's development, mainly in infrastructure, health, education, economy, and preparing Timor-Leste for membership in the Association of Southeast Asian Nations.

On May 13, a significant economic and commercial cooperation meeting was successfully held between the Luohu District of Shenzhen, China, in the city of São Paulo, Brazil, further strengthening commercial and cultural ties between the two countries.

"Total exports of Portuguese wines in the first quarter of 2024 reached 212 million euros in value, 74 million liters in volume, with an average price of 2.85 euros per liter," ViniPortugal said in a statement.

The Instituto de Cereais de Moçambique (ICM) attended the 4th China-Africa Economic and Trade Exhibition (CAETE), which took place in Kenya on May 9th. This event, the first large-scale one promoted by China in Africa, was held under the slogan "Joining hands for a better future". The exhibition brought together exhibitors from various sectors, such as construction, machinery and equipment, trade, logistics, medicines, food products and agriculture.

Chinese executives representing Fufeng Group, a global leader in biofermentation, met with the acting governor of Goiás, Daniel Vilela, to present the company's expansion project. At the meeting held on May 14th in Goiânia, investors stated that the contribution for the construction of a new manufacturing plant could exceed US$400 million.

On 13 May, Mato Grosso's forestry sector took part in an exchange dinner to promote and attract Chinese investment from Macau and Hengqin, organized by the Macau Trade and Investment Promotion Institute (Ipim) in São Paulo.

Chinese exports of passenger vehicles to Brazil saw an exponential jump of 372.4% in the first four months of this year and totaled US$ 762 million. Chinese electric cars accounted for 36.2% of Brazil's total imports in the first four months of the year. With these figures, electric cars were the fourth product shipped by the Chinese to the country in the January-April period.