BYD to expand into Brazilian auto market

BYD Co Ltd, a major private sector new-energy vehicle producer in China, is firming up plans to further expand into the Brazilian market.

Towards this goal, it is deepening its cooperation with Correios, Brazil's biggest postal service group, which is an official partner of Rio 2016.

"Correios is absolutely the leader of the country's logistics industry. Its projects will influence not only the whole industry, but other international companies such as DHL and Fedex," BYD told China Daily by e-mail.