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Chinese firm BYD reshapes Brazil’s auto industry.
In April, BYD became the best-selling car brand in Brazil’s retail market for the first time.
KEY POINTS
- Brazilian labor inspectors found Chinese workers held in near-slavery conditions at BYD’s Bahia site in late 2024.
- Brazil revoked tax breaks for partially assembled vehicle imports in January to encourage local sourcing.
- BYD claims half its car parts assembled in Brazil will be locally sourced by year’s end.
COMPANIES
Summarized by Newsio from Foreign Policy. How we summarize →