Chinese automaker BYD is aiming to produce and source 50% of its vehicle components locally at its new Brazilian factory by the end of 2026, the company’s top executive in the country told Reuters, amid concerns about the EV giant undercutting the local industry. Senior Vice President Alexandre Baldy said in an interview this week at the plant in Bahia state that BYD is transitioning to a local supply chain as quickly as possible, with the aim of becoming Brazil's top carmaker in sales volumes by 2030.