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Exclusive: BYD shifts to local parts in Brazil factory in bid for market leadership

BYD aims to source 50% of components locally by 2027, creating up to 20,000 jobs and enabling exports to Mercosur markets, company officials said.

Summary by Reuters
Chinese automaker BYD is aiming to produce and source 50% of its vehicle components locally at its new Brazilian factory by the end of 2026, the company’s top executive in the country told Reuters, amid concerns about the EV giant undercutting the local industry.

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Reuters broke the news in United Kingdom on Thursday, February 5, 2026.
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