BRAZIL/SOUTH AMERICA REPORT
BYD announced the installation of an industrial complex in Camaçari, Bahia. The largest manufacturer of electric vehicles in the world, the Asian giant will invest, in five years, about US$ 600 Million (R $ 3 Billion) in the installation of three factories at the Bahia complex, generating about 5,000 direct and indirect jobs. In addition to passenger vehicles, electric bus and truck chassis will be made on site, as well as a battery split.
The company will take over Ford’s facilities. The deal, however, has not yet been officially announced. The Camaçari pole is the last factory that still belonged to the North American brand in Brazil. The automaker, which announced the end of its local production in 2021, has already sold its facilities in Taubaté (SP) and São Bernardo do Campo (SP).
The industrial planning will have as an initial objective of 30,000 vehicles and may reach annual production capacity of 150,000 units. BYD will manufacture for the domestic market, as well as building unit for export. Production is likely to start with the Song hybrid SUV and the Dolphin mid-size hatchback.
Source: UOL Read The Article
PSR Analysis. This agreement has long been expected. BYD is been successfully selling HEV and BEV imports and should impact the LV Market heavily with the compact ones planned for the future. PSR
Fabio Ferraresi is Director Business Development-South America for Power Systems Research
