To meet government ​requirements and ease its tax burden, BYD is ramping up local sourcing at ⁠its plant in Bahia state, aiming to become the best-selling car brand in Brazil by 2030. BYD is ​already among the top five brands in the country.

The rollout of passenger car battery production is part ​of an existing plan to invest 5.5 billion reais ($1.08 billion) in its flagship plant in Camaçari, Bahia. Separately, BYD is investing between 50 million and 60 million reais to expand a line producing bus batteries.

The company is also preparing ​to invest up to 500 million reais ($98 million) in a new production line for its Battery ​Energy Storage System (BESS), used to store electricity for the national grid, ahead of the first auction introducing industrial-scale batteries in ‌December.