en.Wedoany.com Reported, BYD has made significant progress in the market of Latin American countries. Its factory located in Camaçari, Brazil, has secured large-scale orders from Argentina and Mexico. According to an announcement by BYD Americas President Stella Li in Rio de Janeiro, Argentina and Mexico have each placed orders for 50,000 electric vehicles with BYD Brazil, with delivery scheduled for 2027. This total order of 100,000 vehicles will increase BYD's market share in Argentina's automotive market to nearly 10%.
Argentina's electric vehicle market is undergoing rapid transformation. In the first two months of 2026, sales of battery electric vehicles in Argentina reached 1,086 units, approaching the full-year 2025 figure of 1,269 units. Sales of plug-in hybrid electric vehicles were even more prominent, more than double that of battery electric vehicles. Currently, the market share of electric vehicles in Argentina has risen from less than 0.5% a year ago to 3.6%. With economical models like the Seagull (Dolphin Mini) and Yuan Pro, BYD already holds an 80% share of Argentina's battery electric vehicle market.
BYD's Brazil factory has also initiated its capacity expansion plan. The factory originally had an annual production capacity of 150,000 vehicles, with sales reaching 113,000 units in 2025. With the new 100,000-unit order and growth in the local market, BYD plans to increase the annual production capacity of the Camaçari plant to 600,000 vehicles. Models to be produced include the Dolphin Mini, Song, Song Pro, and the upcoming Atto 2, among others. This capacity increase will support BYD's electric vehicle deployment in Latin America, particularly in markets like Argentina, Brazil, and Mexico.
The electric vehicle transition in Latin America is accelerating. As a member of the Mercosur trade bloc, Brazil can export any number of vehicles to Argentina, facilitating Argentina's access to affordable electric vehicles. Mexico, facing challenges in production investment due to its proximity to the United States, is turning to Brazil for supply. BYD's orders and capacity expansion reflect the growing demand for electric vehicles in Latin America and the adjustment of regional supply chains. With changes in the global new energy policy market, the application prospects for electric vehicles in Latin America are becoming clearer.
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