The workers who traveled from China to northeast Brazil to build a new factory for electric car maker BYD earned roughly $70 per 10-hour shift, over twice the Chinese hourly minimum wage in many regions.
BYD Company Limited surpassed Tesla, Inc. as top EV maker with vertical integration strategy through Mexico production facilities. Click for more on TSLA and BYDDF.
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The world’s largest EV maker is aiming to protect its growing global operations from yuan volatility amid rising trade tensions.
The company was founded in 1995 and is headquartered in Shenzhen, the People’s Republic of China. BYD Electronic (International) Company Limited operates as a subsidiary of Golden Link Worldwide ...
The Chinese workers hired by BYD contractor Jinjiang in Brazil had to hand over their passports to their new employer, let most of their wages be sent directly to China, and fork over an almost $900 deposit that they could only get back after six months' work,