Chinese carmaker BYD plans to build a new factory in Brazil within the next three years, reports the South China Morning Post. The new plant would dwarf BYD’s current Brazil operation, lifting output from about 600 units over a decade to up to 7,000 a year.
The announcement comes 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.