Chinese EVs are everywhere in Argentina despite Milei’s MAGA ties
Brightly lit BYD dealerships are popping up nationwide as part of a broader wave of new showrooms emblazoned with names like BAIC, MG and Chery. Leer más
Chinese electric vehicle (EV) manufacturers, particularly BYD, are rapidly gaining market share in Argentina despite President Javier Milei's previously stated anti-China stance. This surge in EV sales is part of Milei's economic strategy to combat inflation, which involves opening up Argentina's protectionist economy and allowing a tariff-free import quota of 50,000 EVs annually.
As a result, Chinese EVs are now among the top 10 car sellers in Argentina, with BYD alone selling over 8,200 units this year, surpassing brands such as Jeep, Honda, and Nissan. The influx of Chinese EVs is also contributing to a 26% drop in the relative cost of buying a car since Milei's administration took office. This development highlights Argentina's growing trade relationship with China and challenges the US's efforts to steer Buenos Aires away from Beijing.
Brief written by urgent.news from Buenos Aires Times's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
