RE:240 million, 10.1 million units, the advantage is obvious! China's Electric Vehicles Boom in Ov
"jintengflag published on 2024-06-19 09:53:15
CCTV News: Against the backdrop of the European Union launching an anti-subsidy investigation and imposing tariffs on Chinese electric cars, Chinese electric cars are hot in Latin America and favored by consumers. Brazil's Globo: Market share rising fast As the world's sixth-largest auto market, Brazil's electric vehicle sales nearly doubled in 2023. In recent months, Brazil has overtaken Belgium as the largest single export destination for Chinese electric vehicles.2024 In April, China exported more than 40,000 pure electric and plug-in hybrid vehicles to Brazil, a thirteen-fold increase year-on-year, with a rapidly rising market share. Automakers such as BYD and Great Wall are proposing to produce in Brazil and plan to export to a wider region. Tanzania Daily News Daily: Latin American market demand is strong The article points out that Latin America is gradually entering the era of electric vehicles, and the market demand is strong. From Mexico, Colombia, Argentina to Peru, the Latin American automotive market is worth nearly $130 billion annually. The acceptance of advanced technology by Latin American consumers has increased, and the middle class chooses electric cars mainly on the basis of cost-effectiveness. In this regard, China's electric cars have obvious advantages, and some brands have impressed Brazilian buyers, and China's electric cars are booming in the Latin American market. Pakistan's The News International: More Attention to Emerging Markets The International Energy Agency predicts that 10.1 million electric vehicles will be sold in China in 2024, much higher than the 3.4 million in Europe and 1.7 million in the United States. By 2030, the global number of electric vehicles will grow eightfold to about 240 million, with the largest share of this growth coming from emerging markets. The rise of trade protectionism in Europe and the United States has forced some of China's best companies to pay more attention to emerging markets, such as Southeast Asia, Latin America and the Middle East. China's strategy of rapid entry into emerging markets for electric vehicles is in line with the trend. RIA Novosti: Chinese Products "Selling Well" Overseas While the West is politicizing economic issues such as production capacity and trade, and speculating on the so-called "Chinese overcapacity", China's electric cars are having a strong sales season in Latin America in 2024. In the first four months, sales in Brazil amounted to 48,000 units, eight times more than in the same period in 2023. BYD, Chery and Great Wall are among the best-selling EV brands in Brazil in 2023, according to a report by the Brazilian Electric Vehicle Association. The so-called "China's overcapacity theory" in the West is untenable as Chinese products have been "sold and supplied" in overseas markets."