BYD Launches Landmark EV Production in Brazil

Camaçari, Bahia, Brazil – July 1, 2024 – In a significant milestone for Latin America's electric vehicle (EV) industry, BYD today celebrated the production launch at its new passenger car factory in Camaçari, Bahia, Brazil. The first locally manufactured vehicles – the BYD DOLPHIN MINI and BYD SONG PLUS DM-i – rolled off the assembly line, marking the official start of operations.

This state-of-the-art manufacturing complex represents a massive investment of BRL 5.5 billion (approximately RMB 7.1 billion / USD 1.1 billion), solidifying its position as the largest new energy vehicle (NEV) manufacturing center in Latin America.

Key Highlights of the BYD Brazil Plant:

• Historic Scale: Latin America's largest NEV manufacturing hub.

• Significant Investment: Total investment of BRL 5.5 billion (RMB 7.1 billion / USD 1.1 billion).

• Robust Capacity: Designed for an annual production capacity of 150,000 vehicles.

• Major Job Creation: Expected to generate up to 20,000 direct and indirect jobs within the local community.

• Initial Models: Production launch features the compact BYD DOLPHIN MINI (SEAGULL) hatchback and the BYD SONG PLUS DM-i SUV, catering to popular segments in the Brazilian market.

The inauguration ceremony signifies BYD's deep commitment to the Brazilian market and its strategic vision for Latin America. Localizing production allows BYD to better serve Brazilian consumers with competitively priced, cutting-edge electric and plug-in hybrid vehicles, while significantly reducing delivery times.

"This is a historic moment for BYD and for Brazil's automotive industry," "The successful rollout of our first vehicles in Bahia demonstrates our commitment to local manufacturing, sustainable mobility, and contributing to Brazil's economic development. This factory is more than just a production site; it's a hub for innovation and job creation, bringing world-class NEV technology to Latin America."

The establishment of the Bahia plant is a major step towards accelerating the adoption of new energy vehicles across Brazil and the wider Latin American region. It positions BYD as a key player in driving the region's transition towards sustainable transportation.

About BYD
BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. As the world’s leading manufacturer of new energy vehicles (NEVs), BYD focuses on developing revolutionary technologies in the fields of automobiles, rail transit, new energy, and electronics. The company is listed on both the Hong Kong and Shenzhen Stock Exchanges.

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