Salvador, July 4, 2023 – BYD, Build Your Dreams, a global powerhouse of technological innovation, has just confirmed an agreement to land in Bahia and start operations in three factories simultaneously–an unprecedented feat–in the Camaçari complex, 50km from Salvador.
With an investment of more than R$ 3 billion, BYD establishes a historic landmark in the Brazilian automotive industry. It's not just about building vehicles. The group's ambitious mission, Cool the Earth by 1°C, is energy transition and sustainable mobility. It's an irreversible green revolution.
Domestic production will allow for more competitive prices and the possibility for a car-loving population to access a modern-era consumer dream: an electric vehicle in the garage.
The complex will consist of three manufacturing units. One dedicated to the production of chassis for electric buses and trucks. The other will produce hybrid and electric automobiles, with an estimated capacity of 150,000 units per year in the first phase. The third unit, focused on lithium and iron phosphate processing, will serve theglobalmarket, utilizing the existing port infrastructure at the location.
"This is an extremely important moment for BYD in the Americas," says Stella Li, Executive Vice President of BYD and CEO of BYD Americas. "These new factories in Bahia will bring innovation and the highest standards in technology, this will allow the introduction and acceleration of electromobility in the country, a key movement to combat climate change and really improve people's quality of life."
Scheduled to start operations in the second half of 2024, the three factories are expected to generate in the next several years more than 5.000 jobs. "The social contribution will be significant. We want to hire local labor starting this year so that they can begin receiving all the necessary training and knowledge transfer," says Tyler Li, President of BYD Brazil. "At BYD, we are strongly committed to contributing and generating value for Brazilians."
BYD's new complex will attract suppliers of various types, whether in the technical parts or services sectors. The company intends to contribute to regional development by giving priority to local suppliers. For civil construction works, the company will also prioritize hiring established companies in the region.
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Sustainable and Social Commitment
While establishing its first industrial complex in the country, BYD Brazil is committed to maintaining principles that guide its operations abroad: creating products that do not emit pollutants, designed and executed with cutting-edge technology and substantial investment in research and development, all within a pleasant and cozy work environment for employees, suppliers, and visitors.
About BYD
BYD is a multinational high-tech company devoted to leveraging technological innovations for a better life. Founded in 1995 as a rechargeable battery maker, BYD now boasts a diverse business scope covering automobiles, rail transit, new energy, and electronics, with over 30 industrial parks in China, the United States, Canada, Japan, Brazil, Hungary, and India. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions that reduce global reliance on fossil fuels. Its new energy vehicle footprint now covers 6 continents, over 70 countries and regions, and more than 400 cities. Listed in both Hong Kong and Shenzhen Stock Exchanges, the company is known to be a Fortune Global 500 enterprise that furnishes innovations in pursuit of a greener world.
For more information, please visit www.bydglobal.com.
About BYD Brazil
BYD arrived in Brazil in 2015 when it inaugurated its first assembly plant for 100% electric buses in Campinas (SP). In 2017, it opened a second plant, also in Campinas, for the production of photovoltaic modules. To supply the fleet of electric buses, thecompany began operating its third factory in Brazil in 2020, located in the Manaus Industrial Pole (PIM),dedicated to the production of lithium iron phosphate (LiFePO4) batteries. The company is also responsible for two SkyRail projects (monorail) in the country: the Suburban VLT in Salvador and Line 17-Ouro in São Paulo. In addition, BYD sells electric forklifts, vans, trucks, and automobiles in Brazil, all of which are emission-free. More recently, due to the Covid-19 pandemic, the company started selling disposable masks in the country. In April 2021, BYD Brazil joined the United Nations Global Compact. In November 2021, it took the first step towards the commercialization of automobiles in the country and currently has five models launched and a consolidated network of dealerships in operation. In April 2022, BYD Energy inaugurated new facilities and a complete line of photovoltaic modules in the Brazilian market. In 2023, it was named one of the 100 most influential companies in the world by the American magazine Times.
Contact:
Asia-Pacific: Liya Huang, pr@byd.com tel: +86-755-8988-8888-69666
Europe: Penny Peng, PressEU@byd.com tel: +31-102070888
North America: Frank Girardot, frank.girardot@byd.com tel: +1 213 245 6503
Latin America: José Miranda, jose.miranda@byd.com tel: +56 9 96443906
Brazil: Pablo Toledo, pablo.toledo@byd.com tel: (11) 996204084
Middle East and Africa: Nikki Li, li.namin@byd.com tel: +86-18938862670