Industry News

BYD will invest about $583 million in Brazil to build three new factories in the global market

Update time : 2022-11-08 10:33:34

Since this year, BYD has been "going to sea", entering Europe, Japan and other traditional automotive powerhouses one after another, BYD has also been laying out markets in South America, the Middle East, Southeast Asia and other markets, and will also invest in local factories.

According to media reports, BYD has signed a memorandum of understanding to invest R$3 billion or US$583 million in three new plants in Bahia.
According to the Bahia state government (northeast), BYD will build new factories there, one to make electric buses and chassis for electric trucks; one to process iron phosphate and lithium; and one to make pure electric vehicles and plug-in h ybrids.
Construction is expected to begin in June 2023, with the first two plants to begin operations in October 2024, including a chemical plant and bus and truck plants that will target the northeastern Brazilian market, and the other to be completed in December 2024 and operational from January 2025.
It has not yet been determined whether the blade batteries will be produced directly locally in Brazil; the chemical plant, which will process iron phosphate and lithium, will likely only produce the raw materials for the batteries, which will then be shipped to China for production.
As part of the agreement, the Bahia government will provide tax incentives to BYD through December 2032, and the company will commit to hiring local construction companies and suppliers. If the plan goes well, BYD will hire and train 1,200 local workers.
We understand that BYD currently has three plants in Brazil, the first of which was inaugurated in 2016 in Campinas, São Paulo state, for the assembly of bus chassis.
In 2017, BYD opened a photovoltaic module plant in Campinas and will start operating its first battery plant in Manaus, the capital of Amazonia, in 2020.

Previous : The American chip market shrinks, TSMC also adjusts its strategy, and media: the American chip era begins to end

Next : ScioSense Launched ENS21X Series of Industry-Leading High-Precision, High-Performance Digital Temperature and Humidity Sensors

How many chips does a car need?

Sep .19.2024

Automotive chips can be divided into four types according to their functions: control (MCU and AI chips), power, sensors, and others (such as memory). The market is monopolized by international giants. The automotive chips people often talk about refer to

Position and Function of Main Automotive Sensors

Sep .18.2024

The function of the air flow sensor is to convert the amount of air inhaled into the engine into an electrical signal and provide it to the electronic control unit (ECU). It is the main basis for determining the basic fuel injection volume. Vane type: The

Chip: The increasingly intelligent electronic brain

Sep .14.2024

In this era of rapid technological development, we often marvel at how mobile phones can run various application software smoothly, how online classes can be free of lag and achieve zero latency, and how the functions of electronic devices are becoming mo

LDA100 Optocoupler: Outstanding Performance, Wide Applications

Sep .13.2024

In terms of characteristics, LDA100 is outstanding. It offers AC and DC input versions for optional selection, enabling it to work stably in different power supply environments. The small 6-pin DIP package not only saves space but also facilitates install

About Us

About Us What we do Quality People

Products

CHIP/IC Active devices Passive device Components OTHER

China electronic components supplier----Wah Luen Shing Electronic.----www.wlschip.com

Leave a message