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According to aΒ new report, there areΒ nowΒ over 100 BYD dealers in Brazil,Β and this goes to proveΒ that the brand is gaining ground in the region.Β This milestone was reached by the firmΒ a few days ago after the 100th dealer store opened its doors to customers.Β Well, this is not the last dealer store that the region will get, as there are plans to open more stores to help retail BYD vehicles in Brazil.
Our sourcesΒ point outΒ that by the end of this year, there might be well over 250 BYD dealer stores in Brazil.Β All ofΒ this is part ofΒ BYDβsΒ expansion plan into Brazil, and we started seeing these moves last year.Β CurrentlyΒ in Brazil, BYD retails its plug-in hybrid and pure hybrid vehiclesΒ andΒ these stores serve as the purchase point for these vehicles.
At the moment,Β BYDΒ ships its vehicles into the region andΒ thenΒ retails them to customers via these 100 outlets.Β Last year, the Chinese automobile manufacturing firmΒ made plans to kick off manufacturing ofΒ its vehicles in Brazil.Β To do this, they had to lay out plans forΒ theΒ setting upΒ ofΒ a manufacturing site forΒ the production ofΒ these vehicles.
This site will hold an industrial complex, a new energy car production plant, and lastly a plant for the development of lithium iron phosphate (LFP) batteries. Altogether, these three plants will account for the generation of over 5000 jobs for locals. While this plan hit the internet last year, the actual development of this site kicked off this year.
Once this manufacturing site is ready,Β itβllΒ roll out over 150,00 vehicles per year. By then, there will be more than 100 BYD dealers in Brazil to cater to the sale of eachΒ vehicleΒ the plant rolls out.Β BYD’sΒ global expansion planΒ taking placeΒ in Brazil is proving to be very effective.