BYD Secures 100,000 Overseas Orders in Latin America

[Global Expansion] BYD's Brazil factory has secured export orders of 50,000 units each from Argentina and Mexico, totaling 100,000 vehicles.

Core Development: 100,000-unit Order Triggers Latin American Market Expansion

On March 13, 2026, Stella Li, Executive Vice President of BYD, announced that the production facility in Camaçari, Bahia (formerly a Ford plant), has locked in export orders for 100,000 vehicles, equally split between Argentina and Mexico. The plant commenced operations on July 1, 2025, with an initial annual capacity of 150,000 units, which is expected to expand to 600,000 units in the long term.

Key Metrics: BRL 5.5 billion Total Investment and 50% Localization Target

The total investment in the factory amounts to approximately BRL 5.5 billion (RMB 7.1 billion), with BRL 1.4 billion already invested. In response to Brazil’s cancellation of tax incentives for EV components, BYD plans to achieve 50% local parts sourcing by the end of 2026 and will create 3,000 new jobs.

Strategic Foundation: Dual Drivers of R&D and Manufacturing for Regional Deepening

The company also announced a BRL 300 million investment to establish an R&D center in Rio de Janeiro, scheduled for completion in 2028, focusing on vehicle development tailored for tropical climates. Key models include the Dolphin Mini (Seagull), Qin (King), and Song Pro, covering both battery electric and plug-in hybrid segments.