Business2 sources
BYD Doubles Market Share in Brazil to 9.7% After Local Plant Launch
- BYD has doubled its market share in Brazil to 9.7% a year after opening its local plant.
- The company is eyeing another plant in Brazil to further expand its presence.
- This growth is attributed to the successful operations of its newly opened local plant.
- The market share increase highlights BYD's growing influence in the Brazilian automotive market.
- The new plant is expected to play a significant role in BYD's future expansion plans in Brazil.