Part 4/9:
Moreover, BYD has expanded its manufacturing footprint globally, establishing plants outside China to minimize tariffs and leverage local incentives. Their first European plant was launched in Hungary, with operations expected to begin in 2026, while in Brazil, production of the Seagull hatchback started in July 2024. They also operate factories in Thailand, Pakistan, and Uzbekistan, with plans for continued expansion. Notably, the company’s shipments from Thailand mark their first export of vehicles assembled there, allowing them to serve right-hand drive markets more efficiently.