Caixin
May 30, 2022 04:45 PM
BUSINESS

China’s Top EV-Maker BYD Revs Up Brazil Expansion

What’s new: China’s best-selling electric-vehicle (EV) maker, BYD Co. Ltd. (002594.SZ), plans to increase the number of franchise dealerships in Brazil to 100 by the end of next year, as it further expands into Latin America, the automaker said in a call with investors.

The Shenzhen-listed automaker is already working with a handful of companies that run car dealerships in Brazil to sell its Han EV series, including GNC, Servopa SA and BCLV Comercio de Veiculos SA, which does business as Eurobike, according to the note on the meeting, which took place Friday.

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