China News

Chinese carmaker BYD plans to build a new factory in Brazil within the next three years after rising demand for electric buses filled its existing production capacity and forced the company to redraw its manufacturing strategy in the country. The project would sharply expand output, create hundreds of jobs and support exports across South America, with Africa also being considered, as BYD strengthens a business segment that predates its move into passenger electric vehicles. BYD has assembled...

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