Chinese car exports to Brazil by 372.4% in the first four months of this year and totaled USD 762 million, with electric cars, at 36.2%, ranking fourth as the most shipped product by the Chinese to the country, in the period.
Last year, when these imports were at their highest, the Chinese automobile industry shipped a total of USD 1.086 billion worth of passenger cars to Brazil, a 482% increase on the previous year. However, this total will be more than double in 2024.
In April, 6.075 fully electric vehicles were registered in the country and the trend is for imports to grow considerably as Brazilian consumers show a growing interest in purchasing a battery-powered vehicle.
20 new Chinese manufacturers such as GAC, Xpend, Changan, MG and Huawei, which has a strong presence in Brazil for its cell phones and other telecommunications equipment, have been working to enter the Brazilian market.
Recently, GAC Motor, one of the largest global car and parts manufacturers, took the final step towards entering the Brazilian market, for which it had been preparing for some months.
GAC will compete with two other Chinese automakers, BYD and GWM, which are already present in the country and have been rapidly increasing sales of their vehicles to Brazilian consumers.
