BUSINESS

Trade War Is a Trade Opportunity for Brazil, São Paulo Mayor Says

Published: Apr. 24, 2025 7:31 p.m. GMT+8

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Ricardo Nunes, the mayor of Sao Paulo, Brazil. Photo: File photo

China-U.S. trade frictions have created opportunities for Brazil to partner with Beijing in clean energy, public transit and urban development, said São Paulo Mayor Ricardo Nunes.

Speaking on the sidelines of a high-profile economic summit in Shanghai on Wednesday, Nunes told Caixin that tariff escalations between Washington and Beijing have opened gaps in global trade that Brazil intends to fill.

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Trade tensions between the U.S. and China have enabled Brazil, especially São Paulo, to strengthen clean energy and urban development ties with China.
São Paulo aims to electrify 100% of its bus fleet by 2032, collaborating with BYD and seeking significant Chinese financial support.
The city has installed over 25,000 AI-powered surveillance cameras from Chinese firms, helping capture more than 1,000 fugitives in six months.

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Who’s Who

BYD Co. Ltd.: BYD Co. Ltd. is a leading Chinese electric vehicle (EV) manufacturer with a strong presence in São Paulo. The city uses BYD electric buses as part of its public transit electrification efforts, and many private cars in São Paulo are also BYD models. The company plays a key role in the city's move toward a greener, smarter public transportation system.

Bank of China Ltd.: Bank of China Ltd. is one of China’s largest state-owned commercial banks. It provides a wide range of financial services globally, including loans, trade financing, and corporate banking. In the article, São Paulo plans to negotiate a 100 million yuan (about $14 million) credit line with Bank of China Ltd. to help fund the purchase of electric buses as part of the city's public transit electrification efforts.

Hangzhou Hikvision Technology Co. Ltd.: Hangzhou Hikvision Technology Co. Ltd. is a Chinese company that supplies AI-powered surveillance cameras. In São Paulo, over 25,000 Hikvision cameras have been installed as part of the city’s smart city program. These systems are connected to Brazil’s national criminal database and have helped capture more than 1,000 fugitives in six months.

Zhejiang Dahua Technology Co. Ltd.: Zhejiang Dahua Technology Co. Ltd. is a Chinese company specializing in advanced surveillance equipment. According to the article, São Paulo has installed AI-powered cameras from Dahua as part of its “smart city” program. These cameras are connected to Brazil’s national criminal database and have helped capture more than 1,000 fugitives in six months, highlighting Dahua's significant role in public safety initiatives.

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