# Geely-BYD competition intensifies in Brazil EV market > Live situation record from CLSTR: https://clstr.news/situations/geely-ev-launches-and-updates > Updated: 2026-08-18T21:00:00.000Z. Sources: 71. Developments: 10. By August 2026, Chinese manufacturers significantly expanded their influence across Latin America. In Brazil, EV and hybrid sales grew by over 120% between January and July 2026 compared to the previous year, with electric models accounting for 23.5% of all light vehicle sales in July. Chinese brands reached a 23% market share in Brazil during that month, with new players such as IM Motors, Dongfeng, and Lepas expected to enter the market between 2026 and 2029. BYD remains a dominant player via the Dolphin and Dolphin Mini, while Geely’s EX2 continues to appear as a top seller in several states. BYD is also diversifying its Brazilian portfolio beyond passenger cars, having registered the T35 light electric truck for urban logistics and launched the BC12HF electric chassis for public transport. To capture the SUV market, the company has introduced the Song Pro Super-Híbrido Flex Fuel, a mid-size SUV utilizing a fifth-generation DM-i system adapted for gasoline and ethanol. Competition in the Brazilian SUV segment has intensified with new high-performance entries. Volvo introduced the EX30 Twin Motor Performance, an all-wheel-drive model priced at R$ 309,950. Simultaneously, BYD launched the Sealion 7 in Brazil for R$ 339,990, which the company positions as its most powerful electric SUV in the country, delivering 531 cv. This activity aligns with rapid electrification in specific regions, such as Rio Grande do Norte, where light electrified vehicle sales rose by over 242% in the first half of 2026 compared to the previous year. This expansion extends to Argentina, where BYD has initiated the pre-sale of the Seal 5 DM-i, its first sedan in the country, which offers a combined range of up to 1,360 km. ## Claims - Li Shufu is stepping down as chairman of Geely Auto (corroborated by 4 sources) - An Conghui is the new chairman of Geely Auto (corroborated by 4 sources) - Li Shufu will remain chairman of the parent company Zhejiang Geely Holding Group (corroborated by 4 sources) - Gan Jiayue is the new CEO of Geely Auto (corroborated by 3 sources) - Geely Auto revenue reached 173.6 billion yuan in the first half of 2026 (corroborated by 3 sources) - Geely exports increased by 158% to 474,228 vehicles in H1 2026 (corroborated by 3 sources) - Geely intends to use Volvo's European facilities to manufacture Zeekr and Lynk & Co models starting in 2028 (corroborated by 3 sources) - Geely is working on solid-state batteries capable of over 500 Wh/kg for potential 1,000 km ranges (single source) ## Timeline ### 2026-08-18: Volvo and BYD launch new electric SUVs in Brazil Volvo and BYD expand Brazil's electric SUV market with the EX30 Twin Motor Performance and the Sealion 7, respectively, offering high-performance specs and varying battery ranges. 2 sources. https://clstr.news/cluster/volvo-and-byd-launch-new-electric-suvs-in-brazil ### 2026-08-16: Geely founder Li Shufu steps down as Geely Auto chairman Geely founder Li Shufu has stepped down as chairman of Geely Auto, succeeded by An Conghui. The move coincides with record H1 2026 revenues and plans to use Volvo's European plants for premium car production. 21 sources. https://clstr.news/cluster/geely-expands-global-presence-via-ford-partnership-and-new-ev-models ### 2026-08-12: Geely Group expands global automotive presence in Europe and Latin America Geely Group is expanding its global presence, launching affordable EVs like the Geely E2 in Europe and introducing Lynk & Co's premium hybrid SUVs in Argentina, alongside KGM's hybrid line in Chile. 9 sources. https://clstr.news/cluster/automotive-brands-expand-hybrid-and-premium-offerings-in-argentina-and-chile ### 2026-08-09: Chinese automakers expand global footprint with EV and hybrid growth Chinese automakers like BYD and Geely are rapidly expanding in Brazil, Argentina, and Australia, leveraging new hybrid and electric models to capture growing market interest. 26 sources. https://clstr.news/cluster/byd-expands-portfolio-with-electric-truck-registration-and-new-sedan-teasers ### 2026-07-26: Geely rolls out new EV models to challenge BYD in the Philippines and Brazil Geely launched the EX5 EM‑i hybrid SUV in the Philippines and the EX2 hatchback in Brazil, both priced to compete with BYD’s Seal sedan and other BYD EVs, expanding Geely’s electric lineup in emerging markets. 2 sources. https://clstr.news/cluster/geely-rolls-out-new-ev-models-to-challenge-byd-in-the-philippines-and-brazil ### 2026-07-16: BYD Confirms New‑Generation Dolphin Mini for Brazil by 2028 BYD will launch a larger, more powerful Dolphin Mini electric hatch in Brazil by 2028, coexisting with the current model and targeting the Geely EX2 segment. 4 sources. https://clstr.news/cluster/byd-confirms-newgeneration-dolphin-mini-for-brazil-by-2028 ### 2026-07-04: BYD Dolphin price under R$80,000 triggers pricing war in Brazil EV market BYD’s revised Dolphin at R$73k and Geely’s EX2 price cut below R$100k spark a pricing battle in Brazil’s electric‑car market. 2 sources. https://clstr.news/cluster/byd-dolphin-price-under-r80000-triggers-pricing-war-in-brazil-ev-market ### 2026-06-29: Geely EX2 named Brazil’s best‑value electric car for 2026 Geely EX2 won Brazil’s 2026 Autoesporte best‑value electric car award, outpacing BYD with low maintenance costs, 0.1% depreciation and strong specs, boosting Chinese EV presence. 4 sources. https://clstr.news/cluster/geely-ex2-named-brazils-bestvalue-electric-car-for-2026 ### 2026-06-21: Geely EX5 receives rear‑drive power boost in mid‑life update Geely's EX5 EV gets rear‑wheel drive, a power rise to about 330 hp, higher top speed, modest exterior tweaks and a LiDAR sensor, while its LFP battery stays unchanged. 2 sources. https://clstr.news/cluster/geely-ex5-receives-reardrive-power-boost-in-midlife-update ### 2026-06-05: Geely launches Brazil production of EX2 electric hatch and maintains low prices for EX5 EM-i SUV Geely will start Brazil production of the EX2 electric hatch by year‑end and keeps EX5 EM‑i SUV prices low through June, undercutting rivals. 5 sources. https://clstr.news/cluster/geely-launches-brazil-production-of-ex2-electric-hatch-and-maintains-low-prices-for-ex5-em-i-suv --- Cite as: Geely-BYD competition intensifies in Brazil EV market. CLSTR, https://clstr.news/situations/geely-ev-launches-and-updates