BYD may start building electric vehicles in Brazil

According to Reuters, the Chinese company would rely on the support granted by the local government in order to 'fill the gap' left by Ford, which dismissed in 2021 its industrial complex in Northeastern State of Bahia, Brazil.

By segreteria

According to a piece of news published by Reuters, Chinese manufacturer BYD will start building electric vehicles, including cars, buses and trucks, in Brazil. The Chinese company would rely on the support granted by the local government in order to ‘fill the gap’ left by Ford, which dismissed in 2021 its industrial complex in Northeastern State of Bahia, Brazil.

BYD has got plans for Brazil

BYD is supposed to invest about 620 million dollars. According to Reuters, operations at the former Ford plant are expected to start next year. The website quotes a statement from the company itself, according to which one of the plants will be dedicated to the production of truck and bus chassis, another one will be addressed to electric cars and the third one will be dedicated to process lithium and phosphate for foreign markets.

Highlights

Related articles

Continental appoints Sabrina Soussan Chair of the Supervisory Board

The Supervisory Board also extended the Executive Board appointment of CEO Christian Kötz ahead of schedule by three years until March 2030. “I would like to thank the Supervisory Board for placing its trust in me. We will continue to drive forward our success strategy and make Continental even more...