Han media: "Less than 1% five years ago," now Chinese cars are sweeping the Mexican market!
On March 6, South Korean media "JoongAng Ilbo" published an article stating that Chinese electric vehicle companies are rapidly expanding their export markets to regions outside the United States, such as Mexico, Canada, and Central and South America, in response to obstacles in exporting to the U.S. market. In Mexico, the expansion has been very fast. It is estimated that 15% of total car sales in the country are Chinese electric vehicles.
Data from the National Institute of Statistics of Mexico shows that a total of 306,351 Chinese-made cars were sold in the Mexican market last year, accounting for 18.8% of the country's total car sales of 1.625722 million vehicles. Among them, more than 244,000 were vehicles from Chinese electric vehicle brands such as BYD, Changan, and Great Wall. In response, Mexican media pointed out: "This means that Chinese electric vehicles account for about 15% of the national car sales in Mexico, while the share of Chinese automakers in the Mexican market was less than 1% five years ago."
The Chinese automotive industry is also accelerating its efforts to capture the Canadian market. It is reported that Chery Automobile is preparing to set up an office and conduct recruitment near Toronto to enter the Canadian market. Canada has reduced the tariff on Chinese electric vehicles from 100% to 6.1%, and allows annual imports of 49,000 Chinese electric vehicles.
For export整车 business, BYD not only owns its own ships but also continues to transport export goods to regions such as America and Europe. The largest "BYD Shenzhen" ship can carry 9,200 cars at one time, and another six export ships can carry more than 7,000 cars each. BYD is using these ships to focus on developing the South American market, including Brazil and Argentina.
With the continuous expansion of local production factories, BYD's market share in Brazil and other markets has significantly increased. Last year, among the 79,400 electric vehicles sold in Brazil, 72% were BYD cars. The overall vehicle sales, including hybrid vehicles, reached 112,000 units, an increase of 42.6% compared to 2024. BYD and Great Wall (with a growth of 45.3%) are considered the automobile companies with the highest sales growth in the Brazilian market.
Facing the offensive of Chinese electric vehicles, traditional automobile companies such as Hyundai Motor Group are busy formulating countermeasures. In early this year, Hyundai Motor Group President Jeong Yi-sun personally visited India and formulated a strategy to make India a third major sales market and a diversified global production base, following the United States and Europe.
Original article: toutiao.com/article/1858913295463562/
Statement: This article represents the personal views of the author.