Chinese Car Makers Charge Into Brazil

choi

Joe Leahy, China Carmakers Receive a Warm Welcome in the Brazilian Market; News analysis; Despite a heavy tax regime and a slowing market, the country's groups continues to make inroads. Financial Times, Oct 31, 2011
http://www.ft.com/cms/s/0/140e18 ... 1-00144feabdc0.html

(a) Excerpt in the window of the print: Many of Brazil's new consumers prize value for money over other considerations

(b) Quote:

"Among the top 20 best-selling car brands in Brazil, Chinese carmakers, JAC, Chery and Lifan, had a combined market share of 1.85 per cent between January and Mid-October [this year], according to industry association Fenabrave. Although still small, this is up from almost zero early last year and gives them a combined share just behind 10th ranked Kia Motors of South Korea.

"Jac Motors has so far been the most successful [among Chinese carmakers], garnering 0.7 per cent market share after launching only seven months ago.

(c) Note:
(i) State-owned JAC Motors (officially Jianghuai Automobile Co Ltd; 安徽江淮汽车股份有限公司): "In 2010 it was one of the top ten most-productive vehicle manufacturers in China selling 458,500 units for 2.5% market share and reaching eighth place." Wikipedia

It is not impressive to me, as the troubled BYD did better last year.
(ii) "Bsed in Chongqing and founded in 1992, Lifan Group or Lifan Industry (Group) Company 力帆实业（集团）股份有限公司 is a privately owned Chinese motorcycle and automobile manufacturer." Wikipedia
(iii) If you are not particularly interested in this topic, you need not read the rest of the report.