How Chinese EVs Won Brazil — And Left U.S. Automakers Behind

youtube

Brazil is the world’s sixth largest car market by volume, and the country is quickly becoming the next frontier in China’s electric vehicle expansion. Blocked from the U.S. by tariffs, China’s EV giants have turned to emerging markets like Brazil to offload their massive supply of cars. Imports from China to Brazil have skyrocketed, up nearly 100,000 vehicles in just one year, and Chinese brands like BYD now account for over 80% of electric car sales in Brazil. But the surge has U.S. automakers on edge, as Chinese companies move into markets long led by U.S. and European rivals. Watch the video above to learn more. Chapters: 00:00 Introduction 01:59 Chinese EVs 04:55 Automakers in South America 08:05 Pushback Produced by Merritt Enright Edited by Matthew Soto Camera by Mike Kuba Animation by Emily Park Senior Managing Producer: Shawn Baldwin Additional Narration: Darren Geeter, Devan Burris Additional Footage: Getty Images, BYD » Subscribe to CNBC TV: » Watch CNBC on the go with CNBC+: About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to be your own boss? Sign up for Smarter by CNBC Make It's new online course, How To Start A Business: For First-Time Founders. Find step-by-step guidance for launching your first business, from testing your idea to growing your revenue. Sign up today: Connect with CNBC