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).

AFP VIDEO

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