BYD, the renowned Chinese electric vehicle manufacturer, has announced its plans to construct a large production base complex in Camaçari, Brazil. In collaboration with the government of Bahia state, BYD will invest an estimated 3 billion Brazilian Real (around 630 million USD) in this project, which aims to bolster the company’s global expansion.

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BYD’s Expansion in Brazil: Three Factories for Electric Vehicles and Battery Materials

The production base complex will comprise three factories, each serving a specific purpose. The primary factory will focus on manufacturing electric buses and truck chassis, while a separate facility will be dedicated to the assembly of electric passenger vehicles. Additionally, a processing factory will be established to produce lithium iron phosphate battery materials. The new energy passenger vehicle production line is expected to have an annual capacity of 150,000 vehicles, encompassing both pure electric and plug-in hybrid models. Meanwhile, the lithium iron phosphate battery material processing factory will leverage local port resources to meet the increasing worldwide demand for new energy products.

Operations at the production base are scheduled to commence in 2024, generating approximately 5,000 job opportunities for the local community. Ms. Li Ke, Executive Vice President and President of BYD Americas, expressed the significance of this venture, emphasizing its potential to accelerate the adoption of new energy vehicles in the region. Moreover, she highlighted its role in addressing global climate change and enhancing people’s quality of life.

Notably, BYD recently introduced its domestic BYD Dolphin model to the Brazilian market in late June 2023. Priced at 149,800 Brazilian Real (equivalent to around 223,400 Chinese Yuan), the BYD Dolphin offers a range of 291 kilometers, as per local testing regulations in Brazil.

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