(JW Insights) Jul 11 -- Chinese automakers see emerging opportunities in Latin America electric vehicle(EV) market as the continent makes a belated transition from fuel cars to new energy vehicles, Yicai Global reported on July 11. As the world's fifth-biggest auto market, Latin America has ...
Meanwhile, America also lags in building charging stations. About 80 percent of respondents cited concerns about a lack of charging stations as a reason not to buy an electric vehicle, according to a 2023 survey from The Associated Press-NORC Center for Public Affairs Research and the Energy Po...
(JW Insights) May 8 -- Chinese carmakers are investing in overseas manufacturing facilities construction to explore the vast opportunities in markets ranging from Southeast Asia to South America. They include SAIC Motor, BYD, Wuling Motors and Great Wall Motors, reported China Daily on May 8. Th...
State-owned BAIC, headquartered in Beijing, said a dealer in Jordan ordered 1,000 units of its compact EU5 sedan in January. The company said it plans to launch two to three more electric vehicles in Latin America, Southeast Asia and Europe. What about the United States, the biggest, riche...
“[The Chinese auto industry] for now will remain in a ‘watch and study’ mode and strategize accordingly. Mexico will be an important market and a critical production hub for the Americas region whether [the industry] eventually enters America or not,” says Xing. ...
In South America's Chile, Chinese brands like Maxus, Chery, Great Wall Motor, Changan Automobile, JAC Motors, Foton, and JMC Motors have already become the first choice for local car buyers. A ro-ro ship docks at a terminal of the Lianyungang port in east China's Jiangsu province to loa...
Inflation Reduction Act of 2022 allows certain EV’s made in North America to qualify for the full $7,500 federal tax credit, which enables cars like the Mach-E to be built in Mexico. Currently, the United States imposes a 27.5% tariff on Chinese-made cars...
Although being shut out of theInflation Reduction Act, which provides tax credits up to 7,500 USD for purchases of electric vehicles (EVs) assembled in North America, more and more U.S. buyers prefer to choose made-in- China cars amid the car shortage caused by a global scarcity of semic...
More than 2,000 Chinese electric buses operate in the Chilean capital, Santiago. In Latin America, Chinese cars, which tend to be cheaper than rivals, have enabled segments of the middle- and low-income population to buy their first vehicle, said Sebastian Herreros, an economist at the Econo...
Chinese electric car exporters are starting to compete with global brands in their home markets. They bring fast-developing technology and low prices that Tesla's chief financial officer says “are scary.” BYD Auto is the biggest-selling Chinese electri