Feed: Slashdot
Feed Link: https://slashdot.org/
---
Title: Electric Vehicle Sales Are Booming In South America
Link: https://tech.slashdot.org/story/25/11/17/2215...
Chinese automakers are rapidly expanding across South America, boosted by the
new Chinese-built Port of Chancay, aggressive pricing, local partnerships,
and growing regional demand. Reuters reports: China has been ramping up sales
since the opening last year of the Port of Chancay, north of Lima. The
Chinese-built megaport has halved trans-Pacific shipping times just as
Chinese manufacturers face rising barriers to entry in the United States and
greater trade restrictions in Europe. BYD, which makes EVs, plug-in hybrids
and combustion engine cars, plans to open a fourth dealership in Lima by the
end of this year, while Chery and Geely have more than a dozen in total in
Peru. Chinese carmakers face a profit-destroying price war at home and a
growing surplus of new cars rolling out of Chinese factory lines. Much of
this excess is being shipped overseas to the Middle East, Central Asia and
Latin America, according to global automotive analyst Felipe Munoz at JATO
Dynamics. The Chinese have "carved out space," across both electric and
petrol-powered cars, said Martin Bresciani, president of Chile's automotive
business chamber, CAVEM. "The Chinese have already demonstrated that they
match global standards in quality." Chinese brands reached 29.6% of all new
passenger car sales in Chile in the first quarter of this year. [...] Part of
China's success has been partnering with trusted local importers to offer
more affordable models tailored to regional tastes, according to seven
dealerships Reuters spoke to in Peru, Chile, Uruguay and Argentina.
Read more of this story at Slashdot.
---
VRSS v2.1.180528
|
Slashdot 
