Industry Trend Analysis - Autos Investment Round-Up: Latin America The New EV Hub? - OCT 2017
BMI View: Latin America has seen a sharp influx in EV-related investments this quarter, mainly from Chinese manufacturers planning to use EV technology as a new strategy for differentiating themselves from key competitors in the region.
In Q217, our Investment Round-Up identified 25 new investment projects that were either announced or inaugurated by automakers and suppliers across the Latin America region. The value of 13 of these projects was also made public, representing USD1.42bn worth of invested funds spread across Mexico (USD757mn), Argentina (USD550mn), Ecuador (USD60mn), and Brazil (USD53.7mn). This total USD1.42bn of publically announced funding represents a 59.8% decline compared to projects announced in Q216, due mostly to Ford Motor's large Mexican investment announcement that quarter, which was later cancelled.
LatAm No Longer The Electrification Laggard