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

Core Viewpoint - Chinese automaker BYD aims to produce and source 50% of its vehicle components locally at its new Brazilian factory by the end of 2026 [1] Group 1: Company Strategy - BYD's strategy includes localizing production to enhance supply chain efficiency and reduce costs [1] - The company is focusing on expanding its presence in the Brazilian market, which is part of its broader international growth plan [1] Group 2: Industry Context - The move aligns with a growing trend among automakers to localize production in key markets to mitigate risks associated with global supply chains [1] - Local sourcing is expected to contribute to the sustainability goals of the automotive industry, as it may reduce transportation emissions and support local economies [1]