Low-cost Chinese electric vehicles and bargain e-commerce goods are rapidly gaining ground across Latin America, raising alarms among governments and domestic industries, according to a new report by The Associated Press.
China’s expanding trade footprint is especially visible in major markets such as Brazil, Mexico and Chile, where sluggish demand at home has pushed Chinese manufacturers to seek growth abroad. Backed by heavy state subsidies and low production costs, Chinese brands now dominate key segments, particularly electric vehicles.
In Brazil, more than 80% of the 61,000 EVs sold in 2024 were Chinese, led by BYD and GWM. In...