Boost from China and growing demand: Electric car market in Peru

Photo: Electric Car recharging.jpg. By: Michael Movchin/Felix Müller. Source: WikiCommons. SUNARP figures indicate that that the sale of electric and hybrid vehicles in Peru has grown significantly in recent years. In 2022, 2,680 units of these vehicles were sold, representing an increase of 84.21% over the previous year. Conventional hybrids were the most marketed, followed […]

Chinese vehicles landing in Latin America

Photo: 2015 BYD e6 “Taxi”. By: harry_nl. Source: Flickr. Several Chinese vehicle manufacturers have begun to see Latin America as an important place to establish new plants. In late 2022, Build Your Dreams (BYD) announced that it would be building three new factories in Sao Paulo, Brazil; two will produce chassis for buses, trucks, and […]

Chinese automaker prepares vehicle plant in Mexico

n April 2023, Jetour will market two gasoline-powered SUVs imported from China. By the end of the year, it will introduce a hybrid unit and in 2024 it will invest in the plant for combustion and electric vehicles. The brand is currently lobbying with different governments – among them Aguascalientes and Guanajuato – to define an investment that could reach 1 billion dollars.

Minerva and high Chinese demand

Minerva affirmed that it will continue to meet Chinese beef demand through four slaughter units, three in Uruguay and one in Argentina. This follows a confirmed case of mad cow disease in the state of Pará in Brazil. Minerva, South America’s leading beef processor and exporter, present in Colombia, Chile, and Paraguay, assured that the strategy will prevent its market share from being affected as China is the largest importer of Brazilian product and has a protocol for suspending business in the event of cases of atypical Bovine Spongiform Encephalopathy, something that has already occurred in the past.

Chinese companies establish factories to label their products as “Made in Mexico”

Several Chinese companies are investing in Mexico. Taking advantage of an expansive trade agreement with North America (T-MEC) and following a path forged by Japanese and South Korean companies, a number of Chinese firms have set up factories that enable them to label their products as “Made in Mexico” and then transport them duty-free to the United States.

Argentina at the 10th China Science and Technology City International High-Tech Expo

The 10th China Science and Technology City International High-Tech Expo took place from November 16 to 19 in the city of Mianyang, Sichuan province. Argentina was the guest of honor.

Asia Pacific Economic Forum (APEC) 2022

The last Asia Pacific Economic Forum (APEC) meeting was held in Thailand on November 16. Chilean President Gabriel Boric also attended the meeting

Foreign exchange trading facilities between Argentina and the People’s Republic of China

The President of China, Xi Jinping, met with Argentine President, Alberto Fernández, on November 15, on the occasion of the G20 summit in Bali. The leaders agreed to extend a foreign exchange agreement for US$ 5 billion.

Costa Rica and the People’s Republic of China cement trade relationship

The PRC-Costa Rica trade relationship increased by 44% this year compared to 2021, meaning that it reached 2.7 million dollars.

Increased Importation of New Energy Vehicles from China

Latin America’s consumption of New Energy Vehicles has recently increased, with Chinese-imported electric vehicles having been widely accepted by the region’s population.

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