BYD COMPANY (01211) rose more than 5% in morning trading. As of the time of writing, the stock was up 5.53%, trading at HK$102, with a turnover of HK$1.868 billion. According to media reports, on March 16, BYD Executive Vice President Stella Li announced at an event in Rio de Janeiro, Brazil, that BYD's Brazilian factory has secured a total of 100,000 vehicle export orders from Argentina and Mexico. Argentina and Mexico each placed orders for 50,000 vehicles. The BYD factory, located in Camaçari, Bahia, Brazil, currently has an annual production capacity of 150,000 vehicles, with plans to increase it in phases to 600,000 units. Alongside the export order announcement, Li also revealed a major investment plan. BYD will invest 300 million Brazilian reais (approximately $53 million) to establish a research and development center in Rio de Janeiro. Construction is expected to begin this year, with full completion targeted for 2028. The center will be equipped with facilities for vehicle dynamics, range testing, and extreme environment testing, and will focus on tropical climate data collection to support product localization.