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Economy & Business - November 2025
BRAZIL: BYD and Lula bet on each other with new factory
The inauguration in October of a new assembly plant in Brazil by Chinese car manufacturer BYD drew particular interest from President Luiz Inácio Lula da Silva, given that creating jobs and showcasing foreign investment are a perfect backdrop for his re-election campaign next year. Located in Camaçari municipality, on the outskirts of Salvador, Bahia state, the plant is BYD’s largest outside of Asia.
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