Chinese EV sales in Latin America zoom

Advanced technology and competitive pricing helps in rising market share

Made-in-China electric vehicles are winning over car buyers across Latin America and reshaping views about Chinese products.

The advanced technology and competitive pricing of Chinese vehicles — EVs as well as traditional cars — are rapidly translating into rising market share for China's automakers in the Latin American market.

In 2019, Chinese carmakers sold about $2.2 billion worth of vehicles across Latin America, according to the International Trade Center. By last year, the value of Chinese vehicles sold in the region almost quadrupled to $8.56 billion, accounting for roughly 20 percent of the region's car market.