Mei Ri Jing Ji Xin Wen·2025-10-13 04:41Core Points - BYD's 14 millionth electric vehicle was officially launched in Brazil, marking a significant milestone for the company and the electric vehicle industry [1][8] - Brazilian President Lula praised BYD's founder Wang Chuanfu as a "genius in the electric vehicle field" and acknowledged the importance of technology in changing national destinies [1][6] Company Development - BYD's development philosophy emphasizes "technology as king and innovation as the foundation," with R&D investments consistently exceeding net profits [5] - In 2024, BYD's R&D expenditure is projected to reach 54.2 billion yuan, a 36% increase year-on-year, while the first half of 2025 saw R&D spending of 30.9 billion yuan, up 53% year-on-year [5] - The company views engineers as its most valuable asset, reflecting a commitment to innovation and technological advancement [5] Market Position - BYD's factory in Brazil represents a significant investment of 5.5 billion reais (approximately 1 billion euros) and is expected to produce 150,000 electric vehicles annually, creating over 5,000 direct jobs [8] - BYD has become the leading brand in Brazil's electric vehicle market, achieving a remarkable 92.16% market share in the pure electric segment from January to May 2025 [8] - In the first eight months of this year, China's total automobile exports reached 4.292 million units, a 13.7% increase, with electric vehicle exports growing by 87.3% [8] Industry Impact - The collaboration between BYD and Brazil symbolizes a shift in the global industrial landscape, with emerging forces restructuring the old industrial order [9] - The renaming of a street from "Henry Ford Road" to "BYD Road" signifies a symbolic transfer of industrial power from Western to Chinese enterprises [6] - This event illustrates the narrative of a developing country pursuing industrial sovereignty and a Chinese company transitioning from "going out" to "integrating in" on a global scale [9]