BYD Leads EV Boom In Central & South America - CleanTechnica

The article highlights the rapid growth of Chinese electric vehicle (EV) manufacturers, particularly BYD, in Central and South America. Facing intense price competition and low profitability in China, these automakers are exporting surplus vehicles to new markets in the region, where demand for EVs is rising. Chinese brands have gained significant market share by offering affordable, quality vehicles tailored to local preferences and partnering with trusted importers. For example, Chinese cars accounted for nearly 30% of new passenger car sales in Chile in early 2024, with EV sales doubling across the region. BYD leads in several countries, including Argentina, Brazil, Colombia, Ecuador, and Uruguay, where it holds a 22% market share. China’s success is also supported by infrastructure investments such as the new port facility in Chancay, Peru, which streamlines vehicle imports to multiple countries. This logistical advantage, combined with competitive pricing and financing options through local banks, has allowed Chinese brands to “strike first and hard” in