Brazil. Chinese automaker BYD has announced that it will begin production of its vehicles in Brazil in March 2025.
This decision strengthens the company's commitment to the South American market and positions Brazil as a key hub for electric mobility in the region.
The news was confirmed after a meeting between Stella Li, BYD's executive vice president and CEO for the Americas, and the president of Brazil, Luiz Inácio Lula da Silva, at the Planalto Palace.
The agreement represents a significant investment for Brazil, with a forecast of 10,000 direct jobs created at the BYD factory by the end of 2025, and a total of 20,000 jobs until 2026. In addition, the company anticipates an initial production of 150,000 vehicles by the end of 2025, with plans to reach 300,000 units per year by 2026. These vehicles will be destined mostly for the Brazilian and South American markets.
Stella Li stressed during the meeting that the plant that BYD will install in Brazil will be "the largest and most advanced in the world outside of China," which underscores the company's commitment to innovation and the development of cutting-edge technologies in the region.
One of the highlights of the project is the production of the company's first flexible hybrid system, which will combine electric motor, gasoline and ethanol. This system, which BYD promised to President Lula, will be manufactured for the first time in Brazil and has the collaboration of 110 Chinese and Brazilian engineers, who have worked together on its development.
In addition, the company is installing a technology research center in the state of Bahia, reinforcing BYD's strategy to invest in infrastructure and technology for the future of electric mobility in Latin America.
This step by BYD not only consolidates its presence in Brazil, but also reflects the growing interest on the part of international companies in taking advantage of the potential of the South American market in the field of electric automotive.
