BYD Announces Plans to Build Three EV Manufacturing Plants in Brazil

China's BYD has confirmed plans to bulld three electric and hybrid vehicle manufacturing plants in Brazil. They will be situated in a complex located 50km from the city of Salvador, in the Bahia region.

The complex will consist of three manufacturing units.

One is dedicated to the production of chassis for electric buses and trucks.

The other will produce hybrid and electric automobiles, with an estimated capacity of 150,000 units per year in the first phase.

The third unit, focused on lithium and iron phosphate processing, will serve the global market, utilising the existing port infrastructure at the location.

Scheduled to start operations in the second half of 2024, the three factories are expected to generate in the next several years more than 5.000 jobs.

Stella Li, Executive Vice President CEO of BYD and CEO of BYD Americas, says: "This is an extremely important moment for BYD in the Americas. These new factories in Bahia will bring innovation and the highest standards in technology, this will allow the introduction and acceleration of electromobility in the country, a key movement to combat climate change and really improve people's quality of life."

"The social contribution will be significant. We want to hire local labor starting this year so that they can begin receiving all the necessary training and knowledge transfer," adds Tyler Li, President of BYD Brazil. "At BYD, we are strongly committed to contributing and generating value for Brazilians."

BYD's new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities.