Market: Chinese EVs Are Thriving In Latin American Countries

In Mexico and Brazil, the countries that are the largest car producers in Latin America, China has entered the market and is making progress.

Namely, the Chinese giant BYD is building its largest electric car factory outside of Asia in Camacari, northeastern Brazil, with a target production capacity of 150,000 units each year, reports AFP.

In Latin America, Chinese cars, which tend to be cheaper than their competitors, have made it possible for some middle- and low-income residents to buy their first vehicle, said Sebastian Herreros, an economist at the Economic Commission for Latin America and the Caribbean (ECLAC).

It also made it possible to drive cars with engines based on “green” technologies in polluted metropolises such as Santiago, Bogotá and Mexico City.

“All our countries must quickly adopt electromobility, it is almost a matter of survival”, said Hereros who added that China is an ideal partner because it has the necessary production capacities and offers competitive prices.

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