Automundo China

BYD contractor denies 'slavery-like conditions' claims by Brazilian authorities

BEIJING (Reuters) – Chinese electric vehicle producer BYD’s contractor Jinjiang Group stated on Thursday that the Brazilian authorities’ portrayal of their employees as enslaved is completely inconsistent with the facts. “Being unjustly labeled as ‘enslaved’ has made our employees feel that their dignity has been insulted and their human rights...

Chinese electric vehicle producer BYD's contractor Jinjiang Group stated on Thursday that the Brazilian authorities' portrayal of their employees as enslaved is completely inconsistent with the facts. "Being unjustly labeled as 'enslaved' has made our employees feel that their dignity has been insulted and their human rights violated, seriously hurting the dignity of the Chinese people. We have signed a joint letter to express our true feelings," Jinjiang said in its official Weibo account.

FILE - The BYD logo is photographed at the Paris Auto Show in Paris, Oct. 15, 2024. (AP Photo/Michel Euler, File)

He warns against prioritizing hybrid vehicles over fully electric models, a strategy he believes could leave them lagging behind Chinese competitors.

A subcontractor building a Brazilian factory for leading Chinese new energy vehicle (NEV) maker BYD Co. Ltd. (1211.HK; 002594.SZ) has been accused of serious labor rights at its construction site in Camaçari, Bahia

BYD is expected to make quicker inroads into the Korean market by leveraging potential ties with Affinity Equity Partners, a Hong Kong-based private equity firm that holds management rights for the two largest rental car companies in the country, industry officials and experts said, Thursday.

Volumes forecast to rise 20% next year, smashing international projections and Beijing’s official targets