China's BYD has more than doubled its market share in Brazil a year after beginning vehicle assembly in Latin America's biggest economy. In the year as of October, BYD registered 193,227 vehicles in Brazil, up more than 120% from the same period in 2025, helping lift its market share to 9.7% from 4.2% the year before. In October alone, registrations reached 24,114 vehicles, up 137.6% from a year earlier.
BYD's industrial complex in Camaçari, in the northeastern state of Bahia, has been assembling vehicles shipped from China in semi-knocked-down (SKD) form and has become key for that expansion. The plant, which has assembled more than 150,000 vehicles and accounts for 9,500 jobs, is in the final stages of construction and advanced operational testing for new welding and paint facilities. Construction of a stamping plant is also well advanced and, once completed, will provide the remaining manufacturing infrastructure needed for localized production. "We want to lead the Brazilian automotive market by 2030, and the results show that we have everything it takes to get there," BYD's Senior Vice-President Alexandre Baldy said in the statement.
Source: Hacker News · Summarized by HeadlinesBriefing