China Autos Gradually Access South American Market

"Based on the current situation, the market share of China autos in South American market could not greatly threaten the local auto production there. Yet, the trend that China's entering the South American market should be attached full importance by the local industry there. " According to a report released by a consultant company in Argentina, China autos are entering the South American market, such as Brazil, Argentina and Chile, etc. However, as China autos only take up a small market share, it could not bring in much shock to the local auto industry there. That China autos access the Brazilian market is in evidence now. From January to September, the market share of China autos (including trucks) in Brazilian market had increased from 0.155% to 1.407% and the number of the autos reached 1685. China had exported 1926 autos to Chile from January to August. Not only does it market share grow, but the varieties increase as well. The report says that the free trade agreement between Chile and China will be soon effected, which will bring in more business opportunities to China auto enterprises. China autos are much sharper in the Argentine market. It is very rare that Argentina had imported 232 000 autos from January to October, 9867 of which are made in China. Based on the current situation, the market share of China autos in South American market could not greatly threaten the local auto production there. Yet, the trend that China's entering the South American market should be attached full importance by the local industry there.