China’s BYD group aims to expand in Brazil by associating with Correios

2 August 2016

China’s BYD automotive group (http://www.byd.com/) is further developing its relationship with the Correios group, Brazil’s top postal service provider, with the aim of expanding in that market, an official source from the Shenzhen-based group told the China Daily newspaper.

Last March the BYD group ceded a T3 model electric minivan to the Correios group, which is evaluating ‘green’ logistics solutions by testing electric vehicles from different manufacturers, especially those promising energy efficiency in urban traffic.

When those tests have been completed Correios will launch a public tender to acquire electric vehicles and “we expect to submit a bid,” the source said.

T3 minivans have a cargo compartment with capacity for 800 kg and an autonomous range of 200 km. The possible deal with Brazil would mark the first time they circulate abroad.

The BYD group entered Brazil in 2013 with electric busses, later introducing electric taxis and likewise electric commercial vehicles. In 2014 it built a factory in Brazil.

The private BYD group was founded in 1995 and is listed in the Hong Kong and Shenzhen stock exchanges. It specialises in four activity sectors: information technologies, automobiles, vehicles powered by renewables and light metro systems. (Macauhub/BR/CN)

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