BYD Invests in Brazil

Cited from: https://pixabay.com/zh/photos/rio-de-janeiro-brazil-travel-rio-4566312/

On July 4 local time, BYD and the Brazilian government of Bahia jointly announced that the two sides would set up a large-scale production base complex consisting of three factories in Camaçari, with a total investment of R $3 billion (equivalent to about RMB 4.5 billion), which would further promote BYD's globalization process. The complex of BYD's production base in Brazil will be composed of three factories, one for the production of electric buses and truck chassis, one for the production of new energy passenger vehicles, and one for the processing of Lithium iron phosphate battery materials.