BYD to invest $57 million in new automotive research and testing center in Rio de Janeiro, Brazil
The planned investment by mainland China-based electric vehicle manufacturer in Brazil aims to localize technology, enhance hybrid solutions and create high-skill jobs for local engineers
BYD has announced plans to invest 300 million Brazilian real (nearly $57.1 million) in establishing a new automotive research and testing center in Rio de Janeiro, Brazil. This initiative is designed to strengthen BYD’s presence in the Brazilian electric vehicle market and support the company’s broader international expansion.
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