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
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How Chinese EVs Won Brazil — And Left U.S. Automakers Behind
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: https://cnb.cx/SubscribeCNBCtelevision
» Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus
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: https://cnb.cx/4gEgnhO
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
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Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC
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How Chinese EVs Won Brazil — And Left U.S. Automakers Behind