BYD Doubles Brazil Market Share to 9.7% One Year After Local Plant Opens

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Chinese automaker BYD has more than doubled its share of the Brazilian car market to 9.7%, according to a Bloomberg report. The gain comes roughly one year after the company opened its manufacturing plant in the country. The plant is positioned as a key factor in helping BYD expand locally rather than relying solely on imports. The report indicates the company is also eyeing further expansion in the region. Details are drawn from a Hacker News post linking to the original Bloomberg article.

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