TapTechNews May 12th news, according to Nikkei News, the influence of Chinese electric vehicles in the Latin American market is constantly expanding. Taking the Brazilian market as an example, in the first four months of this year, the sales of new Chinese electric vehicles in the Brazilian market reached 8 times the same period last year.
According to data from the Brazilian Association of Automobile Distributors, the total sales of passenger cars and light commercial vehicles in Brazil in April reached 208,000 vehicles, an increase of 37% compared to the same period last year. Fiat, Volkswagen, and General Motors together account for 50% of the top three.
In terms of overall volume, electric vehicles and plug-in hybrid vehicles from Chinese automakers are becoming increasingly popular in Brazil. BYD, Chery, Great Wall Motors and other Chinese automakers have seen rapid sales growth in Brazil since the beginning of this year, with local sales from January to April reaching 48,000 vehicles.
In March of this year, BYD's comprehensive production base in Brazil officially started operation, with an initial annual production capacity of 150,000 vehicles. The initial models produced include BYD Dolphin, Song Plus, Yuan Plus, and Seagull. It is reported that BYD has increased its investment in the Brazilian electric vehicle factory to 5.5 billion reais (approximately 7.87 billion RMB).
In addition, Great Wall Motors and JAC Motors have also made moves in Brazil. On April 24th last year, Great Wall Motors delivered the first batch of Haval H6 new energy models in Brazil; on October 25th last year, JAC Motors held a (Latin America) brand launch event and a signing ceremony for tens of thousands of new energy vehicles in Sao Paulo, Brazil.