Electric Vehicle Sales Are Booming In South America (reuters.com) 119
Chinese automakers are rapidly expanding across South America, boosted by the new Chinese-built Port of Chancay, aggressive pricing, local partnerships, and growing regional demand. Reuters reports: China has been ramping up sales since the opening last year of the Port of Chancay, north of Lima. The Chinese-built megaport has halved trans-Pacific shipping times just as Chinese manufacturers face rising barriers to entry in the United States and greater trade restrictions in Europe.
BYD, which makes EVs, plug-in hybrids and combustion engine cars, plans to open a fourth dealership in Lima by the end of this year, while Chery and Geely have more than a dozen in total in Peru. Chinese carmakers face a profit-destroying price war at home and a growing surplus of new cars rolling out of Chinese factory lines. Much of this excess is being shipped overseas to the Middle East, Central Asia and Latin America, according to global automotive analyst Felipe Munoz at JATO Dynamics.
The Chinese have "carved out space," across both electric and petrol-powered cars, said Martin Bresciani, president of Chile's automotive business chamber, CAVEM. "The Chinese have already demonstrated that they match global standards in quality." Chinese brands reached 29.6% of all new passenger car sales in Chile in the first quarter of this year. [...] Part of China's success has been partnering with trusted local importers to offer more affordable models tailored to regional tastes, according to seven dealerships Reuters spoke to in Peru, Chile, Uruguay and Argentina.
BYD, which makes EVs, plug-in hybrids and combustion engine cars, plans to open a fourth dealership in Lima by the end of this year, while Chery and Geely have more than a dozen in total in Peru. Chinese carmakers face a profit-destroying price war at home and a growing surplus of new cars rolling out of Chinese factory lines. Much of this excess is being shipped overseas to the Middle East, Central Asia and Latin America, according to global automotive analyst Felipe Munoz at JATO Dynamics.
The Chinese have "carved out space," across both electric and petrol-powered cars, said Martin Bresciani, president of Chile's automotive business chamber, CAVEM. "The Chinese have already demonstrated that they match global standards in quality." Chinese brands reached 29.6% of all new passenger car sales in Chile in the first quarter of this year. [...] Part of China's success has been partnering with trusted local importers to offer more affordable models tailored to regional tastes, according to seven dealerships Reuters spoke to in Peru, Chile, Uruguay and Argentina.
Meanwhile in the USA (Score:3, Interesting)
Our cheapest EV starts at $30k for a Nissan Leaf. No wonder I've been seeing more people riding around on e-scooters lately.
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Our cheapest EV starts at $30k for a Nissan Leaf. No wonder I've been seeing more people riding around on e-scooters lately.
Yep, because it’s not just EV it’s also gas vehicles [cnbc.com]. The average went from 30k in 2012 to 48k in 2022 and they aren’t coming down much because of greedflation.
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>"If they had the slightest fear of competition then they wouldn't take that risk because a competitor might work their way up in the cheaper markets and then jump into the more profitable ones"
There are many manufacturers that sell all kinds of vehicles in the USA. Some made completely abroad from various different countries. Some domestically. And a lot are a complex mixture of the two. But you think there is a grand conspiracy/collusion among them all of them to deprive consumers of lower-priced/l
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you think there is a grand conspiracy
I see nothing in his post that suggests a conspiracy. Just an acknowledgement that there is more money to be made serving the rich.
Do you seriously think that having concern about "trans sports" is preventing antitrust enforcement?
He didn't say that either. He's pointing out the obvious that there are lots of important issues and that isn't one of them. Its being used to distract from those more important issues. Just as it is here.
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>"Just an acknowledgement that there is more money to be made serving the rich."
Oh, there certainly is more money to be made there. But with far less volume. Most companies will try to have products of all ranges to cover all the market. That is true for most car manufacturers as well.
>"He's pointing out the obvious that there are lots of important issues and that isn't one of them."
It isn't terribly important to you or him (apparently). And it isn't all that important to me, either. But to many,
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Most companies will try to have products of all ranges to cover all the market.
true
That is true for most car manufacturers as well.
false
https://www.coxautoinc.com/ins... [coxautoinc.com]
But to many, it is very important.
false
There are many who pretended to be concerned on this issue. They then voted for sex-trafficking pedophile who has personally assaulted more women than have been affected by trans people in sports.
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Most companies will try to have products of all ranges to cover all the market.
The new car market is mostly people who are relatively wealthy. People who are really price conscious generally buy used. They aren't generally competing with other companies on price but on features and quality. So if they offer a car at a lower the price, instead of expanding the market, they would simply be selling the same customer a lower priced car instead of a higher priced one.
Its the same phenomena with home builders. You have land and a crew to build a house. You build a large house with lots of
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There are many manufacturers that sell all kinds of vehicles in the USA. Some made completely abroad from various different countries. Some domestically. And a lot are a complex mixture of the two. But you think there is a grand conspiracy/collusion among them all of them to deprive consumers of lower-priced/lower-end models?
Yes. Why else do you Chinese cars are outright banned in this country? Plenty of people on Youtube drive these cars and yes they are better quality and literally half the price. Domestic auto makers are scared shitless.
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>"Yes. Why else do you Chinese cars are outright banned in this country? Plenty of people on Youtube drive these cars and yes they are better quality and literally half the price. Domestic auto makers are scared shitless."
Oh, I don't doubt that the banning of Chinese cars is protectionism but also security related. We aren't banning Korean or Japanese cars... or cars from anywhere else. Just China. More than one thing can be true at the same time.
I honestly don't know if the Chinese car ban is a net/o
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Bullshit. The EU has more stringent safety standards than the USA and BYD has no trouble in that market.
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The big 3, which have American brand loyalty up the wazoo, realized in the 90s they made more money on bigger vehicles. They they've been marketing bigger and bigger vehicles to America
Re: Meanwhile in the USA (Score:2)
There have been long standing tariffs of near 100% on foreign trucks in the U.S. This means domestic producers can produce a mediocre truck, then mark it up to a 100%+ profit and still be competitive. This means domestic producers focus on shitty, expensive trucks, and won't produce modestly priced sedans because they can just sell trucks instead into a protected market.
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There's no reason to sell cars for cheap in America. If you can keep competitors out, you can charge almost unlimited amounts for something people absolutely have to have.
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If they had the slightest fear of competition then they wouldn't take that risk because a competitor might work their way up in the cheaper markets and then jump into the more profitable ones, but since we don't enforce antitrust law because we're busy freaking out about trans girls playing field hockey in the Midwest you can kiss that goodbye.
Winner of the longest sentence of the day award right here.
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There's zero profits if the prices are so high that there's no sale. Either people don't buy the product, or they buy from someone willing to take on a lower profit margin.
That's what the tariffs are for.
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My daily driver is a 2002 Tacoma RWD with a five speed and the smallest 4-banger they sold, that vehicle or its equivalent is just plain not available in the US. I know damn well there's a market for it, since people keep leaving notes on it asking to buy it. I do a certain amount of remodeling and a lot of gardening and landscaping so I need a pickup. I don't need something that drives, sucks fuel, and weighs as much as a 737 MAX, but that's what manufacturers have decided that I have to buy. The 2003
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While what you write is true, that’s *not* the most striking gap in the US auto market. The most striking gap is the complete absence of the A and B segments: superminis are an absolute mainstay in other markets. For eight years, I drove a succession of Renault Zoes, a car measuring 4.09m by 1.78m (161in by 68in). We had Zoes as a family of four till my oldest kid was 16. Having a supermini as a family car is completely unremarkable in the UK and across Europe, but would be considered completely unwor
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The change in light trucks in the US may also have to do with emission standards.
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>"Yep, because itâ(TM)s not just EV itâ(TM)s also gas vehicles [cnbc.com]. The average went from 30k in 2012 to 48k in 2022 and they arenâ(TM)t coming down much because of greedflation."
Part of that is due to the inclusion of ever more and more features and safety equipment. Even the lowest-end vehicles, regardless of propulsion method, are packed with stuff that used to be seen only on higher-end models. Another part is that vehicles kept getting bigger and bigger. For example, look at
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You can still buy gas burners for ~$20k. They may be small sedans and people may not want those things, but they exist, and some of them in that range are actually pretty good cars.
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They would rather not sell you a car. More profitable to sell you a loan to buy a car, or even better just lease it to you for a monthly fee, then take it back and sell it to someone else, maybe in a different market.
List prices are mostly to deter people buying those cars, but at least in the UK if you look around you can usually get them with a very hefty discount. Mine was about 30% off.
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in another 10 years are you dolts gonna continue to pretend that you're not aware of the mountain of advantages EV's have?
We will do that when the advantages start out weighing the disadvantages. Being able to charge at home is only an advantage of there's no worries about charging everywhere else.
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- It will all cost the same to me. Panels where I am take around 10 years to pay themselves off and I won't even be in my house that long.
- I have only had one car that was louder than the EVs I have seen, and that was the point
- Better acceleration, but if you don't drive like a granny you will cut your range.
- The last big fixes I have had to my ICE have
great! do canada next! (Score:1)
We need BYD in canada. Fuck american cars, unloyal american car companies and all their stupid fascist BS, government and culture. Produce BYD cars instead. I want my 9k-19k ev please. Would be finally worth ditching the beater for.
Re: great! do canada next! (Score:1)
Wait until you find out about American car companies
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My goodness, that's nearly a whole billion dollars a year in state subsidies. At least we can proudly say that GM has never taken a penny in state subsidies. Except for the 49.5bn in bailout (leading to an 11.5bn permanent taxpayer loss) plus state support for EV projects worth billions etc etc.
That makes sense. (Score:2)
The infrastructure required to perpetually get decent to good quality petrol to where it's needed is insane. For electric you just need a battery, some solar cells and you're good to go. Petrol throughout south America is notoriously bad, often mixed with (bad) (m)ethanol and often a gable to fill in your tank. Its not uncommon for adventure bike riders to bring an extra spare piston and cylinder along in case you frag yours beyond repair and need to replace it somewhere in the ass-end of Patagonia.
That doo
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Serious question (Score:2)
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The easiest thing is probably title the car in South America and just never switch it over.
The US is diverging from *everywhere* else (Score:3, Insightful)
As I’ve said before, the story of cars in the last year and the next few years is going to be one of the US cutting itself off from the rest of the world through a series of policy choices that mean its automakers rely on a market with a scale of 15m a year while other manufacturers compete in a market with a scale of 60m a year for those without access to the US and 75m a year for those with access. That diseconomy of scale and the batshit attempt to push water uphill by trying to stop electrification is going to mean Americans have a small range of shitty choices for their car purchases compared to everyone else. Smelly, noisy, oversized, poor build quality, poor tech, data slurping, etc it’s going to be a cut-off market like Cuba.
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Meanwhile America, instead of innovating or competing has decided to go protectionist, using tariffs to stop domestic manufacturers getting kicked to the curb because they suck so hard. That can only work for so long, but after that?
Who could have seen this coming? (Score:5, Insightful)
Look at the complexity between EV & ICE (Score:2, Interesting)
I just bought my first hybrid, the 2025 Toyota Camry XLE. I couldn't be happier! It accelerates faster than my Audi A4 and it more than doubles my miles per gallon. I receive 530 miles per 13 gallons of 87 octane fuel range. I can refill in 3 minutes and keep going like any normal internal combustion engine. Toyota makes the best EVs and everything they learned from the Prius is making it's way across their entire fleet. Lexus as well.
The problem with EVs is the charge network. Only Tesla does it right.I pe
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You're letting bias affect your judgement. If you buy the absolute cheapest electronic widget in the USA it's going to be on par with the cheapest widget from China. The fastest EV is Chinese made and the fastest EV around the Nurburging is also Chinese. The myth that they make trash is long dead.
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I am sure the Chinese will build out an infrastructure for EV charging. But they are not known for quality control and safety. So many dangerous Chinese products across the board.
...
I wouldn't trust a Chinese EV at all. I certainly wouldn't park one in a garage attached to your house.
China is perfectly capable of making products with excellent quality control and safety; they're as good or better than anyone else. They manufacture iPhones for Pete's sake.
Yes, China makes a bunch of the cheapest, most terrible products out there, because a lot of people want to buy cheap stuff and Chinese manufacturers want to sell cheap stuff. Sometimes, that means they're buying something unsafe. Going to the bargain bin for batteries is not a great plan.
Would I buy a BYD on the first year of import an
Is their electrical grid prepared? (Score:2)
Meanwhile in Panama (Score:2)
I live in Panama and there is a HUGE Chinese car presence here. Every day I see more and more of them on the road, as they are cheap and cheerful with appealing styles for not a lot of money.
However. what I don't see much of is *electric* Chinese cars. The models sold here all seem to have a virtually identical 2 litre single turbo petrol engine. There are a few electric models available but they're not making much of a market impact - unsurprising because there is very limited charging infrastructure here
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Re:Dumping (Score:5, Interesting)
Not to mention that a few years ago Ford closed all its South American production lines and became an importer of Fords. At the same time Chinese companies opened up new production lines in South America - most recently a BYD EV line.
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There's that, and there the fact that is you spend another $4,000 on top of the $40,000, you can buy a solar system to keep it charged for the life of the car. And if you have V2G, the car can keep the lights on and fridges running when your local power drops out, as it probably does every few days.
In a country without reliable infrastructure or cheap petroleum, it's a very attractive deal.
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Re:Dumping (Score:4, Funny)
Wait... uou bought a solar system and you didn't realise it wouldn't provide as much power in the winter when it's not sunny, and you're mad at the sales person for not telling you? And you're prepared to admit all this in public?
Did it come as a terrible blow when you found out it didn't provide power at night, too?!
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Solar panels have a mostly linear output so unless it's so cloudy that the street lights are on you're full of shit.
Re: Dumping (Score:2)
Wrong. I have had solar panels for 15 years. The total energy production in winter months is between 1/3 and 1/4th of summer months, on average. From 120 kWh/day down to 30 kWh/day last year. This has to do with both shorter days, and weather. On very rainy and cloudy winter days, the production can be as low as 4 kWh.
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Re: Dumping (Score:1)
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It's almost as if.... there's a 100% tariff in the US (yes there literally is), and we'd have more electric cars here, except for the tariff...
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There's shipping companies that refuse to carry BEVs and PHEVs to US ports because of fire risks: https://maritime-executive.com... [maritime-executive.com]
There's been three ships lost to lithium battery fires in EVs, which should make it a reasonable decision to refuse to carry them any more. Who is going to insure ships with EVs after that? Well, apparently Chinese insurance companies will provide insurance to Chinese ships.
Get the fire problem resolved and we could see more imports of EVs into, and exports of EVs out of, the
Re: Dumping (Score:1)
"Who is going to insure ships with EVs after that?"
What if you invest the premiums and make much more than payouts from financial market revenue?
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There's shipping companies that refuse to carry BEVs and PHEVs to US ports because of fire risks:
What about US ports makes them so fire risky?
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Uh.......I think your science is suspect.
Re:Dumping (Score:5, Informative)
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Yet more nonsense that's easily proven wrong with literal seconds of checking.
UECC and EMSA guidance both suggest SoC between 20 and 50%
https://www.uecc.com/media/152... [uecc.com]
https://www.ecgassociation.eu/... [ecgassociation.eu]
40% is a number you have plucked out of someone's arse. I don't know if you shoved your hand up your own arse or someone else's to find it, but you definitely got elbow deep in someone's colon to find that figure.
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Not "dumping", darling.
The realization of the dream of one elon musk, the dream of cheap electric cars for everyone.
The dream that he got paid many billions of your tax dollars for.
The dream he exchanged for a trillion dollar payout with a move to a tax shithole.
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Re:Dumping (Score:5, Insightful)
This is just such an astonishing level of cope. The Chinese are “dumping” these EVs in the same way they “dump” smartphones, ie they’re selling them in global markets and everyone outside the US is buying them.
Are you really that stupid that you think it’s only South American consumers who are buying Chinese EVs? If you are, let me disabuse you of that notion. Chinese EVs are selling well in the UK, in SE Asia, in APAC, and pretty well in the EU despite tariff and non-tariff barriers. The only place they don’t sell is the US, because of Donica.
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Someone noted it above, the manufacturers basically wrote off 90% of people in the world. The reason for that will startle you, but only if you're a moron: the C-Level and private equity tax. They want fat profits for fat paychecks.
That being said I'm not going to discount the Chinese government basically underwriting loans and covering other money l
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1. This still isn't dumping. It's other forms of state support, but it's not dumping
2. If you're going to argue that state support for ground transportation is bad, are you going to acknowledge that the gigantic quantities of state support provided by US administrations have vastly exceeded the support China has given its EV sector, and continue to do so now the Trump admin has set its face against EVs?
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They are in the midst of an accounting scandal and financal fraud by EV manufacturers that are overproducing and claiming "sales" of vehicles that are not sold, but merely delivered to dealers who then sell these new cars as "used". If you're paying attention you've seen these tactics before.
Stop laundering your feelings and ideology as facts when they clearly aren't.
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You're such a fucking projecting tool.
I'm capable of understanding that there are many types of state support, some legitimate and some not, and that dumping is just one type of illegitimate support, and the Chinese are not engaging in it, *even if all the things you say about accounting scandals etc were true*. Because dumping is the economic practice of companies selling outside their home market at *lower prices* than in their home market, and Chinese OEMs *are not doing that*.
I swear to God, you guys he
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Oh Jesus fuck. Dumping is an *economic trade term*. It is litigated on by all the countries who participate in the World Trade Organisation. It’s in country’s law books with definitions. I linked to the UK definition above. I am reflecting the standard definition of the term, not your little projecting wank-fest, you complete buffoon.
And once again, you do not understand the words you use: neither dumping, nor cultist.
If you think that the term dumping means something else when applied to econom
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Great response, my guy. Substance-free and yet another use of a term you don’t understand. I *dare* you to explain how you’re right, and provide some detail on what you think dumping is, and why. I’ll bet you’re far too much of a coward to try, though. People like you always are.
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Oh look! You're exactly the coward I said you were. Too much of a pathetic wimp to stand behind what you say and back it up.
The reason I can say "you people" with confidence, is because you're so utterly fucking predictable that you can indeed be grouped together, because you all do the same things and behave in the same stupid way. Thick as pig shit and weak to boot.
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You're just yet another ignoramus.
Dumping, for those on Slashdot who are interested in actual economic and trade policy, is defined under WTO rules as being "where a company exports a product at a price lower than its "normal value" (usually the price it charges in its own home market)."
OEMs sell at prices in China that are *massively lower* than prices in export markets. One of the main complaints from consumers who are interested in buying EVs in, say, the UK or Germany, is that the same car they can buy
Still Dumping (Score:2)
The prices are so low in China because the government was giving out no and low interest loans like candy in order to rapidly grow the capacity and market. Now the marker is over saturated and they have to practically give the cars away in their home market. Often at a loss.
They can get higher prices in foreign markets because there is
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You people are so fucking endlessly ignorant.
Here's an explanation from the UK government of how it determines whether a good is being dumped. I will highlight in bold the parts that show I am right and you are wrong.
"Calculating a dumping margin
Dumping occurs when goods are imported into a country at a price that is below their normal value. A dumping margin is the difference between the export price and the normal value of the goods, described as a percentage of the export price.
When we undertake dumping
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How about instead of calling it dumping; I call it: Deliberate price suppression due to state supported industrial policy designed to undercut domestic produ
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They certainly make sure that their international trade is in surplus, by pegging the yuan at a low value to foreign currencies, and that makes foreign goods expensive in China, and China's exporters very competitive.
Electrifying global commuter transport is one of the better impacts.
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Trump propagandist spotted.
Yeah let's war on those places because they're such a threat and so bad.
You know who has the worst cartels and smuggles the most drugs into USA? our best buds the Colombians. But Venezuela is EVIL and needs regime change eh? Nothing to do with their having the largest proven oil reserves on Earth, nope.
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How is Venezuela successful? They've been a basket case for years.