(MENAFN- Investor Brand Network) Electric vehicle sales across Latin America are surging as Chinese automakers flood markets with affordable models and outcompete EV pioneer Tesla. Peru saw sales jump 44 percent year-over-year through September, reaching over 7,200 units; Chile hit 10.6 percent market share in September and Uruguay reached 28 percent in the third quarter. Brazil saw 9.4 percent penetration in August.

The aggressive expansion of Chinese firms into the South American market gives North American auto companies like Massimo Group (NASDAQ: MAMO) a playbook that they can...

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