China breaks 'stigma' to lead Latin America automotive market
China breaks 'stigma' to lead Latin America automotive market
"We tend to stigmatize Chinese brands, but the pickup turned out flawless," says a Chilean customer, praising a Chinese vehicle which has entered a market once dominated by American and European brands. Over the past five years, China has quadrupled its sales to Latin America, growing from $2.182 million in 2019 to $8.564 million in 2023, capturing 20 percent of the market and becoming Latin America's top supplier, according to the International Trade Center (ITC).
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"We tend to stigmatize Chinese brands, but the pickup turned out flawless," says a Chilean customer, praising a Chinese vehicle which has entered a market once dominated by American and European brands. Over the past five years, China has quadrupled its sales to Latin America, growing from $2.182 million in 2019 to $8.564 million in 2023, capturing 20 percent of the market and becoming Latin America's top supplier, according to the International Trade Center (ITC).
AFP VIDEO
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Visit our website at https://www.manilatimes.net
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DailyMotion - https://tmt.ph/dailymotion
Subscribe to our Digital Edition - https://tmt.ph/digital
Check out our Podcasts:
Spotify - https://tmt.ph/spotify
Apple Podcasts - https://tmt.ph/applepodcasts
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Deezer: https://tmt.ph/deezer
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#TheManilaTimes
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NewsTranscript
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00:14It's a bit of a surprise to see a plane take off from a runway in the middle of the airport.
00:18It's a bit of a surprise to see a plane take off from a runway in the middle of the airport.
00:22It's a bit of a surprise to see a plane take off from a runway in the middle of the airport.
00:26It's a bit of a surprise to see a plane take off from a runway in the middle of the airport.
00:29It's a bit of a surprise to see a plane take off from a runway in the middle of the airport.
00:59It's a bit of a surprise to see a plane take off from a runway in the middle of the airport.