Xin Lang Cai Jing·2025-10-10 08:57Core Insights - BYD has achieved a significant milestone by producing its 14 millionth electric vehicle, marking it as the first global company to reach this achievement in the electric vehicle sector [1][5][9] - The handover of the vehicle to Brazilian President Lula symbolizes a strategic partnership between China and Brazil, highlighting BYD's role in the global automotive industry's transformation [3][5] - The establishment of BYD's factory in Brazil represents a shift from traditional fuel vehicles to electric vehicles, contributing to the region's re-industrialization and sustainable economic development [5][7] Summary by Sections Milestone Achievement - The production of the 14 millionth vehicle is a testament to BYD's strength and innovation in the electric vehicle market, showcasing China's transition from a technology-importing nation to a leader in the global automotive industry [5][9] Investment and Economic Impact - BYD's investment of 5.5 billion Brazilian Reais (approximately 7.1 billion RMB) has created 20,000 jobs and established a production capacity of 150,000 vehicles per year, providing a boost to the local economy [5][7] - The factory is seen as a beacon of hope for re-industrialization in a region facing de-industrialization challenges, emphasizing the importance of green technology [5][7] Global Strategy and Local Integration - BYD's operations in Brazil reflect its global strategy, moving beyond mere production to creating a localized ecosystem that includes R&D, production, and talent development [7][9] - The naming of a road after BYD near the factory signifies the cultural integration of the brand in the local community, marking a step towards deeper global presence [7][9]