BYD brought hundreds of Chinese workers to Brazil on irregular visas, Reuters reports

BYD brought hundreds of Chinese workers to Brazil on irregular visas, Reuters reports


A drone view shows BYD’s new electric vehicle (EV) factory’s construction site in Camacari, Brazil December 26, 2024. 

Joa Souza | Reuters

Electric vehicle producer BYD brought hundreds of Chinese workers on irregular visas to build a factory in Brazil, a key labor inspector told Reuters on Tuesday, adding the company has pledged to comply with local labor laws for the workers remaining in the country.

A total of 163 of those workers, hired by BYD contractor Jinjiang, were found last month to be working in “slavery-like conditions.”

Chinese auto market could reach 55-60% EVs by end of 2025, says former Ford CEO Mark Fields

All of them are leaving or have already left Brazil, said Liane Durao, who has spearheaded the probe announced in late December. She added that about 500 Chinese workers in total were brought into the country by BYD.

BYD and Jinjiang did not immediately reply to a request for comment. BYD has previously said it cut ties with Jinjiang, which disputes the charges by Brazilian authorities.



Source

‘We are facing the biggest energy security threat in history,’ IEA chief tells CNBC
World

‘We are facing the biggest energy security threat in history,’ IEA chief tells CNBC

“We are facing the biggest energy security threat in history,” Fatih Birol, the head of the International Energy Agency (IEA), told CNBC Thursday. “As of today, we’ve lost 13 million barrels per day of oil … and there are major disruptions in vital commodities,” he told Steve Sedgwick virtually at CNBC’s CONVERGE LIVE in Singapore. Birol […]

Read More
L’Oreal stock pops 8% after ‘impressive’ earnings
World

L’Oreal stock pops 8% after ‘impressive’ earnings

Shares of the world’s largest cosmetics company L’Oreal popped as much as 10% after it reported strong growth ahead of expectations after the bell on Wednesday. Organic sales growth in the first quarter was 7.6%, compared to expectations of around 3%, according to analysts. Underlying growth was “very impressive,” said Barclays analysts. “Cosmetics markets growth of […]

Read More
Microsoft expands AI footprint in Australia with  billion investment
World

Microsoft expands AI footprint in Australia with $18 billion investment

SYDNEY, AUSTRALIA – APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on […]

Read More