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
Follow us:
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Instagram - https://tmt.ph/instagram
Twitter - https://tmt.ph/twitter
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
Amazon Music - https://tmt.ph/amazonmusic
Deezer: https://tmt.ph/deezer
Tune In: https://tmt.ph/tunein
#TheManilaTimes
#worldnews
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00:10It's a bit of a surprise to see a plane take off from a runway in the middle of the airport.
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.