BYD is planning to increase the number of its franchise dealerships in Brazil to expand its presence.
Chinese electric vehicle manufacturer BYD Co. Ltd. is planning to expand in Brazil’s passenger car market and aims to have 100 designated dealers by the end of 2023.
Currently dominating China’s EV market segment, the automaker plans to expand its overseas operations. By the end of 2022, BYD’s battery-electric passenger vehicle is expected to cover 45 major cities in Brazil, through its partnership with local dealers, according to CNEV Post, citing the automaker.
The automaker is partnering up with car dealerships in Brazil to sell its Han EV Series, such as GNC, Servopa SA, and BCLV Comercio de Veiculos SA, which does business as Eurobike, according to a note via Caixin Global.
“This marks a futher expansion of BYD’s passenger car presence in Latin America and the Caribbean.” said the company.
BYD’s Han series officially launched in Brazil earlier in April after entering Colombia, Uruguay, Bahamas, Dominican Republic, and Costa Rica.
The automaker also plans to expand in North America (USA and Mexico).
Last April, VEMO, a local clean mobility operator in Mexico, placed an order for 1,000 electric cars from BYD in Mexico.
BYD also partners with British bus manufacturer Alexander Dennis Limited (ADL). They delivered their 1,000 electric buses to British Bus Operator Stagecoach.
They also announced in earlier April that it had secured an order of 48 electric buses from Volánbusz, the largest public transport operator in Hungary.
BYD continuously moves forward with many partnerships, market expansions, and product variations. BYD may not only dominate the Chinese market, given that it is further expanding its operations globally. We may see them dominating the worldwide market for the EV segment soon.