BYD (BYDDF) Kicks Off EV Production at the New Brazil Plant
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The plant that was built in just 15 months, rolled out its first model, the Dolphin Mini, which has become Brazil's best-selling EV with over 34,000 units sold to date. BYD plans to add a compact crossover SUV, Song Pro, and a compact sedan, King, to the production lineup in the coming weeks.
With a $1 billion investment and an annual capacity of 150,000 vehicles, the facility uses smart systems to adjust production based on demand. BYD says the plant will support 20,000 jobs, both directly and through its local supply chain.
BYD's Global Expansion Strategy
This expansion comes as BYD continues its robust global growth. The company reported a 33% increase in global sales, reaching 2.1 million vehicles in the first half of 2025, with 464,000 units sold outside of China.
Further, BYD's expansion into Brazil's EV market is a strategic move, as the country's NEV sales have surged 39% in the first five months of 2025. Apart from Brazil, the company has launched or announced facilities in Thailand, Hungary, and Turkey, part of a strategy to localize manufacturing and bypass rising tariffs in key markets.
Importantly, BYD aims to sell 10 million vehicles annually by 2030, with 50% of sales coming from outside China, targeting regions like Europe and Latin America where EV demand is surging.
Is BYDDF a Good Stock to Buy Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BYDDF stock based on 10 Buys assigned in the past three months. Furthermore, the average BYD stock price target of $22.89 per share implies 46.43% upside potential.
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