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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.06

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3:39 PM EST

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From: kidl	1/23/2024 9:31:17 AM
	of 2786

BEV Sales Shoot Past All Expectations in Brazil in December, Rise 700%! - CleanTechnica Snip: It’s clear that Brazil’s massive BEV growth comes mainly from one source: BYD. Or, specifically, BYD’s upcoming factory in Camaçari, in the Brazilian state of Bahia, which will start production in 2025. The promise of local production paired with the arrival of the BYD Dolphin in Brazil at 149,700 Brazilian reales ($30,385 USD) seems to have worked in two different ways: for one, it forced competition to lower its prices, making the EV market more competitive overall; for another, it gave BYD local recognition, allowing it to dominate the growing market in the latter half of 2023.

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