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Buffett-Backed BYD to Build Brazil Monorail in Overseas Push

  • $689 million monorail to be operational in Salvador in 2021
  • BYD is working to secure more monorail deals in the Americas
The badge of BYD Co. is displayed on the company's e5 electric vehicle at the Beijing International Automotive Exhibition in Beijing, China, on Monday, April 25, 2016. Tesla Motors Inc. and BYD Co. are among manufacturers showing 147 new-energy vehicles at this year's show.

Photographer: Qilai Shen/Bloomberg

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BYD Co. won its biggest overseas order for monorail systems in an affirmation of efforts by the Chinese electric-vehicle maker to revive profit growth.

The company signed a 2.5 billion-Brazilian real ($689 million) order this week to build a light transit system in Salvador, Brazil, Stella Li, a senior vice president at BYD, said in a telephone interview Thursday. The Shenzhen-based firm is also in discussions for as many as eight monorail deals in the Americas, including the U.S., and expects to nail at least two this year, Li said.