The Chinese electric-car juggernaut plans to build a production complex in the northeastern state of Bahia to produce both hybrids, EVs, and chassis for electric buses and trucks, as well as to process lithium and iron phosphate.
The BYD factory will have an initial annual capacity of 150,000 units, with the potential to reach 300,000 units. It will be the second facility dedicated exclusively to electric and hybrid cars in Brazil. Two years ago, Great Wall Motors agreed to buy a Daimler AG factory in Sao Paulo, pledging investments of 10 billion reais by 2032.
In Chile, BYD is building a $290 million lithium cathode factory.