China's electric car sales grow in 2024, as sales of gasoline cars plunge
2 months, 1 week ago

China's electric car sales grow in 2024, as sales of gasoline cars plunge

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sales of all types of electric vehicles rose more than 40% in China last year, while those of gasoline-powered automobiles plunged, industry data showed Monday. A total of 31.4 million vehicles were sold last year in the world's biggest market by sales, up 4.5% compared from a year earlier, the China Association of Automobile Manufacturers reported. Out of that, exports of what China calls “new energy vehicles,” including battery EVs, fuel-cell cars and plug-in hybrids -- electric vehicles with a small gasoline-powered engine to back up the batteries -- reached 1.28 million. Domestically, sales of passenger cars rose 13.6% in December, driven in part by rebates for trade-ins, raising sales of all passenger cars in China by 3.1% for the year, to 22.6 million.

China Cars Car Vehicles Electric Vehicles Sales Million Passenger Cars  grow  electric  rose  gasoline  sales  passenger  breaking  cars  million  car  vehicles  sign  plunge  china  2024  chinas

History of this topic

Continous growth expected for Chinese electric cars in Europe despite import tariffs
2 weeks, 4 days ago

Continous growth expected for Chinese electric cars in Europe despite import tariffs

NL Times  

The rise of Chinese electric cars in Europe is far from over. Car sector association BOVAG reported, based on a study by consultancy agency KPMG, that the market value of Chinese electric cars will be 10 percent by 2030. Chinese brands like BYD and Lynk & Co are expected to have very little trouble with the European import tariffs that …

Mercedes-Benz profits plunge as German carmakers reel
1 month ago

Mercedes-Benz profits plunge as German carmakers reel

New Indian Express  

Frankfurt: Mercedes-Benz said Thursday it planned hefty cost cuts after its 2024 profits plunged by almost a third amid a slump in China and weak electric car sales, as Germany's auto sector reels. The German auto giant's net profit fell 28 percent from the previous year to 10.4 billion euros, while revenues also slid about four percent to 145.6 billion …

China hits record auto sales with 41% market share as of Dec
1 month, 2 weeks ago

China hits record auto sales with 41% market share as of Dec

China Daily  

Visitors check out a Yangwang U7 at the 22nd Guangzhou International Automobile Exhibition held at the Canton Fair complex in Guangzhou, on Nov 15, 2024. China's market share of car sales in the global market hit a record high of 41 percent in December last year, said Cui Dongshu, secretary-general of the China Passenger Car Association on Sunday. China's share …

Chinese economy expected to rebound continuously in 2025: economist
Trending News
1 month, 2 weeks ago

Chinese economy expected to rebound continuously in 2025: economist

China Daily  

The skyline of Beijing. The Chinese economy is expected to rebound continuously in 2025 despite new variables, an economist said as reported by Chinese financial news outlet Yicai on Sunday. The unprecedented popularity of the domestic cultural and travel consumption market during the Spring Festival holiday and the emergence of DeepSeek AI model have contributed to people's confidence in the …

Japan’s Toyota announces EV and battery push in China and U.S., as its quarterly profit surges
1 month, 2 weeks ago

Japan’s Toyota announces EV and battery push in China and U.S., as its quarterly profit surges

Associated Press  

TOKYO — Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government. Toyota’s push also comes as worries grow around Asia about a potential trade war brewing after President Donald Trump imposed tariffs on Chinese goods and China retaliated with tariffs to take effect next …

How Elon Musk might win over his EV competitors
1 month, 3 weeks ago

How Elon Musk might win over his EV competitors

The Independent  

Over the last couple of years Elon Musk, the billionaire owner of X, Tesla and Space X, has mocked disabled employees, amplified racist conspiracy theories, and strangely even bent the truth about being good at video games. The Chinese electric car company BYD sold 4.27 million electric vehicles last year, increasing its annual sales by over 40 per cent. Close …

Will China buy German car factories facing closure to avoid EU tariffs on EVs?
2 months, 1 week ago

Will China buy German car factories facing closure to avoid EU tariffs on EVs?

Firstpost  

Buying a factory would allow China to build influence in Germany’s prized auto industry, home to some of the oldest and most prestigious car brands Chinese officials and automakers are eyeing German factories slated for closure and are particularly interested in Volkswagen’s sites, a person with knowledge of Chinese government thinking told Reuters. Buying a factory would allow China to …

Flying cars by 2026? Meet Xpeng's Land Aircraft Carrier from China
2 months, 1 week ago

Flying cars by 2026? Meet Xpeng's Land Aircraft Carrier from China

Hindustan Times  

‘Flying cars’ have existed largely in fiction, but Chinese manufacturer XPeng's Aero HT Land Aircraft Carrier could make them a commercially viable reality by 2026 for ₹1.96 crore. The Aero HT Land Aircraft Carrier, created by Chinese manufacturer XPeng's subsidiary Aero HT is a recent attempt at making a flying car which has caught the attention of the automobile industry …

China’s electric car sales grew in 2024 as sales of gasoline cars plunged
2 months, 1 week ago

China’s electric car sales grew in 2024 as sales of gasoline cars plunged

Associated Press  

BEIJING — Sales of all types of electric vehicles rose more than 40% in China last year, while those of gasoline-powered automobiles plunged, industry data showed Monday. A total of 31.4 million vehicles including buses and trucks were sold last year in the world’s biggest market by sales, up 4.5% compared to a year earlier, the China Association of Automobile …

China’s export boom means Trump tariffs would hit Beijing where it hurts
2 months, 1 week ago

China’s export boom means Trump tariffs would hit Beijing where it hurts

Live Mint  

China’s economy is more dependent on exports than it has been for most of the past two decades, leaving it vulnerable to a new broadside on trade from President-elect Donald Trump. Aside from 2021, when consumers the world over were gorging on Chinese-made home appliances, fitness equipment and computer gear during Covid-19 lockdowns, that would mark trade’s biggest contribution to …

China makes more cars than it needs. Now, it’s shakeout time.
2 months, 2 weeks ago

China makes more cars than it needs. Now, it’s shakeout time.

Live Mint  

Overall, car sales in China rose 5.5% last year to 22.9 million vehicles, the China Passenger Car Association said Thursday. Domestic brands accounted for 61% of the local market last year, up 8.6 percentage points from a year earlier, the China car association said. Last year, 23 EV brands either exited China or were consolidated into other brands, while a …

'Lost year': Electric car sales go into reverse in Germany
2 months, 2 weeks ago

'Lost year': Electric car sales go into reverse in Germany

New Indian Express  

BERLIN: Sales of new electric vehicles in Germany plunged last year, official figures showed Monday, as a slow switch to battery-powered cars deepened the woes of the country's flagship auto industry. Just 380,609 EVs were registered in 2024 in Europe's largest auto market, 27.4 percent fewer than in the previous year, the KBA federal transport authority said. The slump in …

Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing
2 months, 3 weeks ago

Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing

Wired  

Just a few days into 2025, electric vehicles are already having a roller coaster ride of a year. Global EV sales numbers likely won’t be fully collated till next month, but analysts say that in the US, electric vehicles seem to be on track for a pretty reasonable 8 percent of all car sales in 2024. The way we’re seeing …

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
2 months, 3 weeks ago

US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little

Associated Press  

DETROIT — New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Despite high sales prices that averaged more than $47,000, automakers sold just over 16 million vehicles in the U.S. last year, Motorintelligence.com said Friday. Electric vehicle sales rose 8.8% for the …

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling
Trending News
2 months, 3 weeks ago

Tesla sees first drop in number of cars delivered in nine years sending stock tumbling

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Tesla's global annual sales …

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years
2 months, 3 weeks ago

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years

Associated Press  

DETROIT — Tesla posted its first annual sales drop in more than a dozen years Thursday, undercutting a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. “And the first part of this grand strategic vision has taken shape.” The fourth-quarter sales, while a record for Tesla, show …

A ‘Made in China’ Crisis Awaits Big Auto
2 months, 3 weeks ago

A ‘Made in China’ Crisis Awaits Big Auto

Live Mint  

When Jaguar’s “copy nothing” brand reboot hit late last year, one self-styled car enthusiast replied on X: “What the actual hell is this.” Jaguar’s response: “The future.” That remains to be seen. Even if Europe also turns further toward protectionism, China’s combination of low costs, supply-chain dominance and EV leadership means its companies will continue to make inroads elsewhere, particularly …

Tesla reports sales drop for 2024, first annual decline in at least 9 years
2 months, 3 weeks ago

Tesla reports sales drop for 2024, first annual decline in at least 9 years

LA Times  

Tesla’s global annual sales fell for the first time in at least nine years in 2024. Tesla’s global annual sales fell for the first time in at least nine years, with a 2.3% increase in the final quarter not enough to overcome a sluggish start to 2024 despite offers of 0% financing, free charging and low-priced leases. Analysts polled by …

Beijing pushes to use China-made chips in its EVs
2 months, 3 weeks ago

Beijing pushes to use China-made chips in its EVs

Live Mint  

SINGAPORE—China isn’t satisfied with becoming the world’s dominant maker of electric vehicles. U.S. Trade Representative Katherine Tai said there was evidence China used “extensive anticompetitive and non-market means" to achieve self-sufficiency, and the Commerce Department has said subsidized low-cost Chinese chip makers might flood the global market and drive down prices. Earlier in 2024, officials from China’s Ministry of Industry …

Successes and fails of fierce auto sector
2 months, 3 weeks ago

Successes and fails of fierce auto sector

China Daily  

By LI FUSHENG | China Daily | Updated: 2024-12-30 10:15 Visitors check out BYD's booth for its Yangwang series at the Guangxi-ASEAN International Auto Show 2024 held from Dec 5 to 9. But the overall picture is rosy: new energy vehicle sales are expected to hit a record 13 million units in 2024, according to the China Association of Automobile …

EV sales remain strong globally: AP
2 months, 3 weeks ago

EV sales remain strong globally: AP

China Daily  

Xinhua | Updated: 2024-12-27 15:51 Members of the public inspect Leapmotor's T03 on display at the 2024 Paris Motor Show on Oct 14. NEW YORK -- Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds, reported The Associated Press on Thursday. "In a …

Five facts about electric vehicles in 2024
2 months, 3 weeks ago

Five facts about electric vehicles in 2024

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicles had another whirlwind …

China accounted for 80% of global EV sales growth in 2024 : IEA report
3 months ago

China accounted for 80% of global EV sales growth in 2024 : IEA report

Live Mint  

New Delhi, December 25 : China accounted for nearly 80 per cent of Electronic Vehicle growth globally, with EV sales jumping from over 3 million in the first half of 2023 to more than 4 million during the same period in 2024, according to a report by the International Energy Agency. The report also noted that the share of electric …

China’s EV boom is starting to pinch oil producers
3 months ago

China’s EV boom is starting to pinch oil producers

Live Mint  

The country has long been the thirstiest consumer of crude. While China’s overall oil demand still appears stable, its composition is shifting gears rapidly. Gasoline and diesel demand seems to have peaked: China’s total demand for these transportation fuels in 2024 will be 3.6% lower than in 2021, according to IEA estimates. Diesel and gasoline accounted for 44% of China’s …

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand
3 months ago

British car production plunges to its lowest level in more than four decades - as automakers struggle to deal with falling demand

Daily Mail  

British car production has plunged to its lowest level in more than 40 years as automakers struggle to deal with falling demand. Around 64,216 new cars rolled off UK production lines last month, down 30 per cent from last year, according to industry body the Society of Motor Manufacturers and Traders. So far this year, car production is down nearly …

China's auto sector achieves strong growth in November
3 months, 2 weeks ago

China's auto sector achieves strong growth in November

China Daily  

Xinhua | Updated: 2024-12-12 11:21 Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. CAO YINGYING/CHINA DAILY BEIJING -- China's auto production rose 11.1 percent year-on-year to 3.44 million units in November 2024, while sales climbed 11.7 percent from a year earlier to 3.32 million units, industrial data showed Wednesday. In the …

China's auto sector achieves strong growth in November
3 months, 2 weeks ago

China's auto sector achieves strong growth in November

China Daily  

Chinese new energy vehicle startup Leapmotor showcases its models at the 2024 Guangzhou auto show in November. BEIJING -- China's auto production rose 11.1 percent year-on-year to 3.44 million units in November 2024, while sales climbed 11.7 percent from a year earlier to 3.32 million units, industrial data showed Wednesday. In the first 11 months of 2024, auto production exceeded …

China's new energy passenger car sales surge in November
3 months, 2 weeks ago

China's new energy passenger car sales surge in November

China Daily  

BEIJING -- China's new energy passenger vehicle market continued to see robust growth in November, with retail sales reaching nearly 1.27 million units, industry association data showed on Monday. In November, production of new energy passenger vehicles reached about 1.48 million units, representing a 49.3 percent year-on-year increase and a 7.1 percent rise from the previous month. During the first …

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
3 months, 2 weeks ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

Nation poised to hold more than half of global EV fleet by 2025
3 months, 3 weeks ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

China’s EV price war is so brutal that BYD is trying to pinch its suppliers
3 months, 3 weeks ago

China’s EV price war is so brutal that BYD is trying to pinch its suppliers

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — China’s top maker of electric vehicles wants to pay a lot less for car parts in the new year, a demand that signals there is no end in sight …

'Irreversible trend' will spur global EV sales
Trending News
4 months, 1 week ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

'Irreversible trend' will spur global EV sales
Trending News
4 months, 1 week ago

'Irreversible trend' will spur global EV sales

China Daily  

SAIC Motor's IM brand showcases its electric SUV LS6 at the 2024 Auto Guangzhou on Nov 15. Smart e-mobility is the irreversible trend of the global automotive industry, with battery electric vehicles expected to account for at least 64 percent of total new car sales by 2040, according to a recent Roland Berger report. The report states the Western markets, …

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat
Trending News
4 months, 2 weeks ago

China records highest export growth in 2 years amid looming Trump’s 60% tariff threat

Firstpost  

Exports far surpassed analyst’s estimates of about 5.5 per cent growth and outpaced September’s growth of just 2.4 per cent. China’s exports rose 12.7 per cent in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3 per cent in October from a year earlier, …

China’s exports grew 12.7% in October, fastest pace in more than 2 years
4 months, 2 weeks ago

China’s exports grew 12.7% in October, fastest pace in more than 2 years

Associated Press  

HONG KONG — China’s exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday. It showed imports fell 2.3% in October from a year earlier, while China’s trade surplus rose to $95.7 billion in October, up from $81.7 billion in September. China’s exports to Russia rose …

Sales of used electric cars reach record high
Trending News
4 months, 2 weeks ago

Sales of used electric cars reach record high

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Giving consumers the confidence to switch from their familiar petrol or diesel vehicles requires confidence and incentives …

Sales of new cars slump as drivers shun electric and diesel vehicles
Trending News
4 months, 2 weeks ago

Sales of new cars slump as drivers shun electric and diesel vehicles

Daily Mail  

Sales of new cars fell by 6 per cent last month. Industry body the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. Industry body, the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October. SMMT chief executive Mike Hawes said: ‘Massive manufacturer investment in model choice and market support …

China reports sharp increase in EV charging facilities
4 months, 3 weeks ago

China reports sharp increase in EV charging facilities

China Daily  

BEIJING -- The number of charging piles for electric vehicles in China reached 11.43 million as of the end of September this year, marking an increase of 49.6 percent from a year ago, latest government data showed. Among them, around 3.33 million were public charging facilities while 8.1 million were private, according National Energy Administration data. Based on a total …

How electric car sales have slumped around the world
4 months, 3 weeks ago

How electric car sales have slumped around the world

Daily Mail  

Electric vehicles have been touted as an environmentally-friendly solution to the climate crisis, giving passengers a smooth, emissions-free ride. Meanwhile, Chinese car manufacturer BYD – the world's largest seller of electric vehicles – saw global EV sales crash earlier this year. Electric vehicles run on energy from a charged battery much like a smartphone but come with hefty pricetags – …

Chinese EV maker BYD’s revenue beats Tesla for first time
4 months, 3 weeks ago

Chinese EV maker BYD’s revenue beats Tesla for first time

CNN  

Beijing — Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. With third-quarter revenue up 24% on year to 201.1 billion yuan, BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion. BYD, whose cars …

End of the road for electric cars: Shocking chart reveals how EV sales have SLUMPED around the world - with Volkswagen the latest carmarker forced to close its factories as a result
4 months, 3 weeks ago

End of the road for electric cars: Shocking chart reveals how EV sales have SLUMPED around the world - with Volkswagen the latest carmarker forced to close its factories as a result

Daily Mail  

Electric vehicles have been touted as an environmentally-friendly solution to the climate crisis, giving passengers a smooth, emissions-free ride. Meanwhile, Chinese car manufacturer BYD – the world's largest seller of electric vehicles – saw global EV sales crash earlier this year. Electric cars made by Chinese firm BYD have more attractive prices than those from the likes of rival Tesla, …

China's share of UK car market soars 10-FOLD in two years amid fears Beijing-made electric vehicles could be 'weaponised' to spy on Brits
5 months, 1 week ago

China's share of UK car market soars 10-FOLD in two years amid fears Beijing-made electric vehicles could be 'weaponised' to spy on Brits

Daily Mail  

China's share of the UK car market has soared 10-fold within two years, MailOnline can disclose. The Chinese brand first began selling electric cars in the UK in the first quarter of 2023 - though has been making electric buses for the British market for over a decade. Between January and June 2024, Tesla remained the top selling electric car …

EU countries vote to impose duties on China EVs ahead of an end-of-October deadline
5 months, 3 weeks ago

EU countries vote to impose duties on China EVs ahead of an end-of-October deadline

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy European Union countries on Friday …

Chinese carmakers sell fewest EVs in Europe since February 2023
5 months, 3 weeks ago

Chinese carmakers sell fewest EVs in Europe since February 2023

Hindustan Times  

Chinese manufacturers sold the fewest electric cars in 18 months to customers across Europe, with registrations falling by nearly half in August from a year earlier. MG, the British nameplate that’s now part of SAIC Motor Corp., lost its top spot across Europe to Chinese rival BYD Co., according to Jato Dynamics, which also tracks the automotive market. Uncertainty tied …

Despite global EV slowdown, China's car industry refuses to put on handbrake
6 months ago

Despite global EV slowdown, China's car industry refuses to put on handbrake

ABC  

Global demand for electric vehicles has cooled in recent months after a dramatic rise over the last decade, leading several major car manufacturers to scale back electrification plans. With China's car exports reaching record highs this year, Anderson said prospective owners in markets like Australia had become more open to Chinese brands because their performance was much improved. By building …

Do we need more Chinese car brands to make EV ownership affordable - and are they REALLY that cheap?
6 months, 1 week ago

Do we need more Chinese car brands to make EV ownership affordable - and are they REALLY that cheap?

Daily Mail  

On 5 July, the European Union announced it will impose massively hiked provisional import tariffs on Chinese electric cars. However, with the move criticised by industry figures, the UK has so far decided not to follow suit, as British motorists appear to welcome cut-price EVs from brands such as Shanghai-owned MG. A study by the Centre for Strategic and International …

Chinese EV sales in Latin America zoom
6 months, 2 weeks ago

Chinese EV sales in Latin America zoom

China Daily  

Workers assemble a chassis at the BYD solar panel and electric bus chassis production facility in Campinas, Sao Paulo state, Brazil, in November. JONNE RORIZ/GETTY IMAGES Made-in-China electric vehicles are winning over car buyers across Latin America and reshaping views about Chinese products. The advanced technology and competitive pricing of Chinese vehicles — EVs as well as traditional cars — …

Chinese EV sales in Latin America zoom
6 months, 2 weeks ago

Chinese EV sales in Latin America zoom

China Daily  

Workers assemble a chassis at the BYD solar panel and electric bus chassis production facility in Campinas, Sao Paulo state, Brazil, in November. JONNE RORIZ/GETTY IMAGES Made-in-China electric vehicles are winning over car buyers across Latin America and reshaping views about Chinese products. The advanced technology and competitive pricing of Chinese vehicles — EVs as well as traditional cars — …

Chinese EV sales in Latin America zoom
6 months, 2 weeks ago

Chinese EV sales in Latin America zoom

China Daily  

By JIMENA ESTEBAN in Buenos Aires | China Daily Global | Updated: 2024-09-11 09:25 Workers assemble a chassis at the BYD solar panel and electric bus chassis production facility in Campinas, Sao Paulo state, Brazil, in November. JONNE RORIZ/GETTY IMAGES Made-in-China electric vehicles are winning over car buyers across Latin America and reshaping views about Chinese products. The advanced technology …

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