Electric Vehicle Sales Are Booming In South America

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…