Mei Ri Jing Ji Xin Wen·2025-10-13 13:53Core Insights - BYD's 14 millionth electric vehicle was officially launched in Brazil, marking a significant milestone for the company and the electric vehicle industry [1][4] - Brazilian President Lula praised BYD's founder Wang Chuanfu as a "genius in the electric vehicle field" and recognized the importance of technology in transforming national destinies [1][3] Company Overview - BYD has established itself as a technology-driven company, focusing on innovation and research, with R&D expenditures consistently exceeding net profits [2][4] - The company has invested 55 billion Brazilian Reais (approximately 7.1 billion RMB) in its Brazilian factory, which is expected to produce 150,000 electric vehicles annually and create over 5,000 direct jobs [4] Market Position - BYD has become the leading brand in Brazil's electric vehicle market for two consecutive years, with over 170,000 owners and the highest consumer satisfaction [4] - In the first eight months of the year, China's total automobile exports reached 4.292 million units, a 13.7% increase year-on-year, with electric vehicle exports growing by 87.3% [4] Industry Impact - The event symbolizes a shift in the global industrial landscape, with emerging forces reshaping the old industrial order and highlighting the rise of Chinese manufacturing power [5] - BYD's success in Brazil reflects the broader trend of Chinese electric vehicle manufacturers expanding globally, with China now being the largest producer and exporter of electric vehicles [4][5]