Fast Technology reported on November 22 that China’s electric vehicles are entering the world, and Brazil is undoubtedly one of the countries that most welcome China cars.
Overseas media reported that according to statistics, in the first half of this year, electric vehicles made in China accounted for 91% of the total sales of imported electric vehicles in Brazil, which means that on average, 9 out of every 10 vehicles were produced by China companies.
The author of the report pointed out that the reason why China’s electric vehicles are so popular in Brazil is mainly due to three reasons: First, electric vehicles are highly recognized and popularized in Brazil.
As of July this year, Brazil’s electric vehicle sales have exceeded the country’s total electric vehicle sales in 2023, while last year the country’s electric vehicle sales growth rate was as high as 91%.
Second, Brazil has almost no political resistance to cars made in China and no trade barriers exist.
Third, China manufacturers focus on emerging markets where competition is less intense and demand is growing, thus gaining a first-mover advantage.
Brazil is already the eighth largest automobile producer in the world and has huge potential.
China automobile manufacturers also realize the country’s development space.
Strong main engine manufacturers such as BYD and Great Wall plan to directly produce electric vehicles locally.
Once they are built, it will surely further boost the market share of China cars.
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