Milestone in the history of the Brazilian automotive industry: BYD enters Bahia

6 July 2023

BYD a global tech innovation giant, has just confirmed an agreement to enter the state of Bahia in an unprecedented feat — Simultaneously start the operation of three factories in the Kamasari Industrial Zone. The industrial area is 50 kilometers from El Salvador.

The project investment exceeds 3 billion reais, creating a milestone in the history of the Brazilian auto industry. The project is not only dedicated to the production of cars, but also shoulders the ambitious energy transformation and sustainable transportation mission of "cooling the earth by 1 degree Celsius". This is an irreversible green revolution.

Domestic production will lead to more competitive prices, while making it possible for car lovers to realize the dream of modern consumers: owning an electric car.

The industrial zone will contain three production plants. One plant will be responsible for the production of electric bus and truck chassis; another plant will produce hybrid and electric vehicles, with an estimated production capacity of 150,000 units per year in the first phase; the third plant will focus on processing lithium and iron phosphate, and Leverage the existing local port infrastructure to serve global markets.

Stella Li, Executive Vice President and CEO of BYD and CEO of BYD Americas, said: "This is an extremely important moment for BYD's Americas business. These new factories in Bahia will bring innovation and the highest standards in technology , and enable Brazil to introduce and accelerate the promotion of electric transportation, which is also an important action to combat climate change and truly improve people's quality of life."

The three factories are scheduled to start operating in the second half of 2024 and are expected to create more than 5,000 jobs over the next few years. Tyler Li, president of BYD Brazil, said: "This project will have a huge contribution to society. We hope to start recruiting local employees this year, so that they can begin to receive various necessary training and acquire corresponding knowledge. BYD is firmly committed to contributing to Brazil's The people contribute and create value.”

BYD's new base will attract a variety of suppliers, both in the technology and services sectors. The BYD program prioritizes local suppliers to assist in the development of the region. In terms of civil engineering, BYD will also give priority to hiring well-known companies in the region.

Sustainability and Social Commitment

This is the first industrial zone established by BYD Brazil in Brazil. It will firmly implement its overseas development principles: create products that do not emit pollutants, adopt first-class technology in design and production, invest a lot of money in research and development, and at the same time Create a warm and comfortable working environment for employees, suppliers and visitors.

About BYD

BYD is a multinational high-tech enterprise dedicated to "satisfying people's yearning for a better life through technological innovation". Founded in 1995, BYD was originally a rechargeable battery manufacturer. Today, its business scope covers automobiles, rail transit, new energy, electronics and other fields. It has more than 30 companies in China, the United States, Canada, Japan, Brazil, Hungary and India. Industrial Park. From energy acquisition, storage, to application, BYD is committed to providing new zero-emission energy solutions to reduce the world's dependence on fossil fuels. The footprint of BYD new energy vehicles has now covered 6 continents, more than 70 countries and regions, and more than 400 cities. BYD is a listed company in Hong Kong, China and Shenzhen, China. It is a Fortune 500 company and is committed to achieving green dreams through technological innovation.

For more information, please visit www.bydglobal.com .

About BYD Auto

Founded in 2003, BYD Auto is an automotive subsidiary of BYD. BYD is a multinational high-tech enterprise dedicated to "satisfying people's yearning for a better life through technological innovation". In order to accelerate the green transformation process in the global transportation field, BYD Auto focuses on the development of pure electric and plug-in hybrid vehicles. The company has mastered the core technologies of the whole industry chain of new energy vehicles such as batteries, motors, electronic controllers, and automotive-grade semiconductors. In recent years, BYD has achieved major technological advancements, including blade batteries, DM-i and DM-p hybrid technologies, e-platform 3.0 and CTB technologies. BYD is the first auto company in the world to stop the production of fuel vehicles, focusing on new energy vehicles, and has maintained China's new energy passenger vehicle sales champion for 9 consecutive years.

Disclaimer: The original version of this announcement is the officially authorized version. The translation is for the convenience of understanding only, please refer to the original text, the original text version is the only legally valid version.

Contacts
Asia Pacific: Liya Huang, [email protected] Tel: +86-755-8988-8888-69666
Europe: Penny Peng, [email protected] Tel: +31-102070888
North America: Frank Girardot, frank.girardot@byd. com Tel: +1 213 245 6503
Latin America: José Miranda, [email protected] Tel: +56 9 96443906
Brazil: Pablo Toledo, [email protected] Tel: +19 3514 2554
Middle East and Africa: Nikki Li, [email protected] Tel: +86-18938862670

 

Source:businesswire.com