{"id":14539,"date":"2022-11-14T08:12:05","date_gmt":"2022-11-14T13:12:05","guid":{"rendered":"https:\/\/latamobility.com\/?p=14539"},"modified":"2022-11-14T08:12:08","modified_gmt":"2022-11-14T13:12:08","slug":"byd-invests-over-500-million-to-build-electric-vehicle-factory-in-brazil","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/byd-invests-over-500-million-to-build-electric-vehicle-factory-in-brazil\/","title":{"rendered":"BYD Invests Over $500 Million to Build Electric Vehicle Factory in Brazil"},"content":{"rendered":"\n
The Latin American market represents an important focus within the operations of BYD<\/strong>, a manufacturer that seeks to match Tesla in the electric vehicle market.<\/p>\n\n\n\n A few days ago, the Asian automaker signed a protocol of intent with the government of Bahia, Brazil, which contemplates a significant investment of US$ 570 million<\/strong> for the installation of three factories in that state.<\/p>\n\n\n\n According to the agreement, chassis for electric buses and trucks and electrified and hybrid passenger vehicles will be produced, in addition to processing lithium and iron phosphate.<\/p>\n\n\n\n According to a report by “Inside Evs<\/strong>“, BYD<\/strong>‘s facilities will occupy the area of the former Ford <\/strong>factory and according to the schedule known so far, construction will start in June 2023, where the two assembly lines (buses\/trucks and vehicles) are scheduled to start operations by the end of 2024.<\/p>\n\n\n\n The third unit, which will process phosphate and lithium for electric vehicle batteries, will start operations earlier. The raw materials will be mined in Brazil <\/strong>and production will be destined for the Chinese market.<\/p>\n\n\n\nLocation and Timeline<\/strong><\/h2>\n\n\n\n
