Byd Brazil's subsidiary leader, Tyler Li, disclosed on June 29th that Byd will have its own factory in Brazil. The company is currently in talks with local authorities and federal government officials in the state of Bahia to establish the factory. Tyler Li stated that the factory's annual production capacity is expected to be around 150,000 vehicles. Regarding investment, the company has not set any restrictions on the resources required for the factory, as it will depend on the analysis of its technical personnel. Byd's Global Vice President, Stella Li, and Tyler Li are scheduled to meet with President Lula, his Chief of Staff Rui Costa, and Bahia Governor Jerônimo Rodrigues in Brasília at 5:30 PM local time.