Electric Vehicle Production Booming in Latin America

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Researched by Industrial Info Resources (Sugar Land, Texas)--The production of electric vehicles is developing successfully in Latin America. This reflects a major structural change at a global level, ranging from large investments by automotive companies as well as government actions.

In Mexico and Brazil, several companies already produce electric vehicles, including Ford Motor Company (NYSE:F) (Dearborn, Michigan), Stellantis (NYSE:STLA) (Hoofddorp, Netherlands), Nissan Motor Company Limited (Yokohama, Japan) and Volkswagen (Wolfsburg, Germany), among others.

Chinese companies such as BYD (Xi'An, China) and Chery Automobile Company Limited (Wuhu, China) also have made large investments by opening points of sale in Latin America to position themselves in the market and study the possibility of installing production plants there in the near future.

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