Brazil: A Growing Market for Automakers

High Demand and Global Presence

Brazil is a significant market for automobile manufacturers, with over 17 million cars sold in 2023. It not only has a high demand for vehicles, but it also ranks among the top ten for passenger car sales worldwide.

Growing Chinese Presence

Chinese automakers are gaining ground in the Brazilian market, challenging western competitors. BYD, a leading Chinese automaker, is set to establish its first electric car plant outside Asia in Brazil, indicating the growing importance of the region.