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With a total investment of 4.5 billion yuan, BYD announced the construction of a large-scale production base complex in Brazil

On July 4, local time, BYD and the Bahia state government jointly announced that the two parties will establish a large-scale production base complex consisting of three factories in Camassari City, with a total investment of 3 billion reais (equivalent to (approximately RMB 4.5 billion), this move will further promote BYD’s globalization process.

Geraldo Junior, Vice Governor of Bahia State, Brazil, Geronimo Rodriguez, Governor of Bahia State, Brazil, Li Ke, Executive Vice President of BYD Co., Ltd. and President of BYD Americas Region (from left) to the right)

BYD's Brazilian production base complex will consist of three factories, including a production plant mainly engaged in electric buses and truck chassis, a new energy passenger vehicle vehicle production plant, and a processing plant specializing in lithium iron phosphate battery materials. Among them, the new energy passenger vehicle vehicle production line covers pure electric and plug-in hybrid models, with a planned annual production capacity of 150,000 vehicles. The lithium iron phosphate battery material processing factory will make full use of local port resources to meet the growing demand for new energy products in the global market.

Ms. Li Ke, Executive Vice President of BYD Co., Ltd. and President of BYD Americas Region, said: "Building a large-scale production base complex in Brazil is an important milestone for BYD's development in the American market. It will help accelerate the popularity of new energy vehicles in the local area. It also plays a huge role in combating global climate change and improving people’s quality of life.”

BYD new energy passenger cars (Photo source: BYD official Weibo)

BYD's Brazilian production base complex is scheduled to be put into operation in the second half of 2024 and is expected to create more than 5,000 local jobs. Mr. Li Tie, general manager of BYD Brazil Branch, said: "Companies should create value and give back to society. We will set up a localized production team, carry out a series of training activities, improve employees' professional and technical capabilities, and contribute to local economic and social development."