Ecuador seeks to break out of the labyrinth of oil pre-sales with China
Ecuador is still struggling to divest itself of oil pre-sales. Although there are contracts with the oil creditor companies, the Ecuadorian government is looking for a way to change the situation to its advantage. The business meant a loss of almost US$5,000 million for the country.
Chinese firm JF Capital International has bought the Justo & Bueno chain
The shareholding of the retail company Justo & Bueno (J&B) was purchased by the Chinese conglomerate Joining Futures Capital International Limited. The news of the purchase was made official last Thursday, April 19, following the supermarket company’s financial crisis that began in 2021.
JBS invests in electric trucks for cargo distribution in Brazil
JBS, the world’s largest meat producer, created a new business unit to rent electric trucks to distribute refrigerated cargo to retail. This initiative will support the company in its plan to reduce carbon emissions, as well as reduce logistics costs in the medium and long term.
BYD takes over transportation in Brazil
The Chinese company BYD, one of the most important companies in clean energy and electric vehicles, presented the first Brazilian-made electric articulated bus in the city of São José dos Campos, State of São Paulo, along with the first monorail train that will be part of one of São Paulo’s subway lines.
The Chinese company CATL is looking for sites to install a factory in Mexico
Contemporary Amperex Technology Co. Limited (CATL) is a Chinese technology company that was founded in 2011. It is the world’s largest manufacturer of batteries and storage systems for electric vehicles. The company is analyzing sites in Mexico to install a US$5 billion plant to supply the demand it faces.
China listed as the main destination for Peruvian exports in February 2022
According to Idexcam data, Peruvian exports to the People’s Republic of China in the month of February 2022 reached US$4,595 million, representing an increase of 7% over the same period in 2021. Thus, China is the main destination for Peruvian exports valued at a total of US$1,264 million.