Brazil became the largest export market for Chinese electric vehicles (BEVs) and plug-in hybrids (PHEVs) worldwide.
According to a Reuters report, citing figures from the China Passenger Car Association (CPCA), the South American giant displaced Belgium from first place after multiplying its imports by 13 times compared to the previous year, reaching 40,163 units in April.
The countries that experienced the biggest drops in Chinese electric car imports between January and April were Spain, France, the Netherlands and Norway.
Impact Measures
The decline in countries on the old continent is a direct consequence of the fact that, due to the European Union’s anti-subsidy investigation into Chinese electric vehicles, Chinese companies have sought to increase sales to non-European markets.
As a result, Chinese automakers have been actively exploring markets in South America, Australia and ASEAN.
Read also: Learn about the Bill to Boost Innovation and Sustainable Mobility in Brazil
In this context, Brazil took center stage, as it also became China’s second largest export destination for all automobiles in April, behind only Russia.
Annual figures between January and April indicated that Chinese auto exports to Russia increased by 23% (268,779 vehicles) while exports to Mexico and Brazil grew by 27% and 536% (148,705 and 106,448 cars, respectively), during the same period.
The sharp increase in exports to Brazil comes ahead of a further increase in tariffs on imports of electric and hybrid vehicles scheduled for July, as the nation’s president, Lula da Silva, seeks to encourage local car production.
Brazil, Latam Mobility’s next destination
The context of growth of electric vehicles in Brazil represents a great opportunity for industry leaders to gather in the great mobility platform represented by Latam Mobility, which will arrive in Brazil for a meeting full of news and initiatives.
There will be two days on July 1 and 2 in the city of Sao Paulo, to discuss the prospects, growth and business opportunities within the sustainable mobility and electromobility market.
For more information about participation click here.
