IF there is demand, this port would be there long ago. Throwing a big port and expect export business to grow is like putting cart before the horse.
https://wits.worldbank.org/CountryProfile/en/Country/PER/Year/LTST/TradeFlow/Export/Partner/all/
Peru's largest export is China and China's export is to US and EU.
That port was planned FIVE YEARS AGO to serve trans-shipments throughout LatAm, not just Peru. In fact, the entire port strategy centred on Chancay was Peru's idea since 2008. (ref:
SCMP)
You're not up to date about LatAm too.
China’s Online Retail Giants Transform Shopping Habits in Latin America
https://ticotimes.net/2024/11/13/ch...ts-transform-shopping-habits-in-latin-america
For Isidora Olave, shopping malls are a thing of the past. This young Chilean shops on Shein, Temu, or AliExpress—the ultra-cheap Chinese online stores whose aggressive competition is pushing Latin America to protect its retail trade.University-aged women, active on social media but above all lovers of “ultra-fast fashion” (very low-priced fast fashion), Olave and her group of friends are part of the global trend of on-demand consumers.
“I bought from Shein because I needed it for a specific occasion and it was cheaper than buying it here in Chile,” says this 20-year-old dentistry student.She has just opened the latest package sent from China: a T-shirt, a skirt, and a set of adhesive glitter. They cost 15 dollars, half of what she would have paid in a local store, she assures.
According to Statista, the specialized data site, in 2022 online commerce moved 122 billion dollars in Latin America and could reach 200 billion in 2026.AliExpress, Shein, and Temu are behind this formidable expansion, confirming China’s weight in the region, historically an area of influence for the United States.
In an additional sign of its advancement, China plans to inaugurate the mega-port of Chancay in Peru during the Asia-Pacific Economic Cooperation (APEC) summit being held this week in Lima.
BYD’s first factory warehouse in Brazil to be ready in October
https://valorinternational.globo.co...ehouse-in-brazil-to-be-ready-in-october.ghtml
Reviewing a photo gallery on his cell phone, BYD Brasil’s vice-president, Alexandre Baldy, beams with pride at a particular image: a vast 120,000 square meter warehouse under construction in Camaçari, Bahia. This warehouse marks the initial phase of BYD’s expansive project in Brazil. The first production line is expected to launch in October, and the inaugural BYD vehicles assembled in the 210-million-people country will be rolled out later this year.
Though the image was initially intended for internal use, it symbolizes the significant strides BYD, China’s largest electric vehicle manufacturer, is making in its global industrial expansion.
Currently, approximately 1,200 workers are transforming the site,
previously occupied by a Ford factory until 2021. The site’s transformation is a testament to the shift from its American automotive past.
The Camaçari project is bustling with technicians and engineers on site who are focused not just on construction activities but also on a vibrant exchange of knowledge and expertise. This international collaboration is further highlighted as around 100 Brazilian employees prepare for a trip to China in September, complemented by Chinese colleagues who continue to arrive in Brazil.
According to Mr. Baldy, initially, the cars at the nascent facility will be assembled using parts kits shipped from China. Complete localization, including sourcing components from suppliers for ethanol-powered hybrid vehicles, is slated to begin in 2025.
The equipment for the assembly line is also being sourced from Asia. “It’s already at sea, on its way here,” explains Mr. Baldy, who hails from Goiás and holds a law degree. After an extensive stint in the public sector, he transitioned to BYD, quickly ascending the company’s career ladder.
BYD established its presence in Brazil in 2013, initially focusing on commercial vehicles. It constructed an assembly line for buses and photovoltaic modules in Campinas, in the state of São Paulo, and later set up a lithium iron phosphate battery assembly plant in Manaus. The company also imports fully electric trucks and machinery, such as forklifts, and is engaged in a monorail project in São Paulo (Line 17-Ouro of the metro).
In March, BYD’s management finalized a deal with the government of Bahia, acquiring the land and factory previously owned by Ford for R$287.8 million. The site spans 4.6 million square meters.
That same month, BYD’s global vice-president, Stella Li, met with Governor Jerônimo Rodrigues of Bahia to announce an increase in the company’s investment in Camaçari, from R$3 billion to R$5.5 billion. Earlier, in January, the group had raised its initial employment projection in Bahia from 5,000 to 10,000 jobs.
When asked whether becoming a local producer would lead to joining the National Association of Motor Vehicle Manufacturers (ANFAVEA), Mr. Baldy said, “We haven’t thought about it yet. But we want to gain the consumer’s trust so that they see us as a Brazilian brand.”
Translation: Todd Harkin
