It is worth noting that while there is little likelihood of Chinese-brand vehicles being imported into the U.S. directly from that country, China is exploring assembling cars in Mexico, and then exporting them to the U.S. Per the USMCA trade agreement, vehicles built in the U.S., Mexico...
Chinese auto brands have already started making their mark in Mexico. Latest data from the Mexican Association of Automobile Distributors showed sales of Chinese brands such as BYD, JAC and Geely in Mexico reached 129,329 units last year, up 63 percent year-on-year. Their market sh...
In Mexico and Brazil, Latin America's biggest car producers, China is also making inroads. Chinese giant BYD is building its largest electric car plant outside of Asia in Camacari, northeastern Brazil, with a targeted production capacity of 150,000 units every year. More than 2,000 Chinese ...
SAIC, China's largest vehicle maker and exporter by sales, expects its total exports to hit 1.2 million units this year, up from 1.02 million units in 2022, with Europe, the Middle East and Mexico among its major markets. Zhao Aimin, vice-president of SAIC International, said one important...
However, the next few months will be most telling of how severely impacted China’s car makers will be by the EU levies, and whether the growth witnessed so far can be sustained.
BYD Auto’s exports quadrupled last year to 55,916 sedans, SUVs and hatchbacks. Most went to India, Thailand, Brazil and other developing markets. BYD announced a 1,000-vehicle sale last year to Mexico’s VEMO for the biggest EV taxi fleet outside China. ...
sales are flourishing, from Mexico all the way down to Argentina's Ushuaia, the world's southernmost city. In many markets across the region, including Colombia, Brazil, Peru, Bolivia and more, where buyers are very price-conscious, the savings attached to buying a Chinese car make a big ...
produced by its subsidiary Longxin Motorcycle Industry Co., Ltd. and for the UAVs produced by its Loncin UAV subsidiary. In Italy, its motorcycles are sold under the Italika brand name in Mexico, AKT in Colombia, Viper Motorcycles in Ukraine, Minsk in Russia and Belarus, and Zanella in ...
In North America, Chinese automakers are forecast to only achieve a 3% market share, largely in Mexico, where one in five vehicles are expected to be Chinese brands by 2030. In most other major regions of the world, AlixPartners reports that the share of Chinese autom...
An increasingly close trade relationship is putting Mexico in the spotlight Australia Australia lowers tax revenue forecast on weak Chinese economy Treasury cuts $5.4bn from budget estimates over next four years, citing ‘significant impact’ of softer commodities demand ...