Credit: Visual China

BEIJING, July 6 (TMTPost) —— BYD will build three plants in Brazil to produce new energy passenger cars, process lithium iron phosphate materials, and produce electric buses and truck chassis, which are expected to be put into operation in the second half of 2024, according to the announcement made by BYD on Wednesday.

The passenger car plant will be BYD's second overseas passenger car plant and also the first passenger car plant in South America, with an annual capacity of 150,000 units.

BYD's first overseas passenger car plant is located in Thailand. BYD Thailand Ltd. signed a contract with WHA Weihua Group Volkswagen Ltd. in September 2022 to build an 875,000 square meter passenger car plant, with an annual capacity of approximately 150,000 units. It is expected to be put into operation in 2024.

The three plants are all located in the state of Bahia in Brazil, with a total investment of R$ 3billion (approximately $609 million). BYD negotiated with Ford and the local government in 2022, but no development was disclosed. Brazil's president Luiz Inacio Lula da Silva stated that he welcomed Chinese companies to invest in Brazil and assist Brazil in its low-carbon efforts during his visit to China in April 2023.

As the sixth-largest auto market in the world, Brazil has attracted the attention of Chinese  car companies. Chery Automobile built a vehicle plant in São Paulo State, Brazil, as early as 2011, with an annual capacity of 150,000 vehicles. Great Wall Motor acquired the Mercedes-Benz plant in São Paulo State, Brazil in 2021, to produce new energy passenger cars. According to the Brazilian Association of Automotive Vehicle Manufacturers (ANFAVEA), more than 2.1 million new cars were sold in the Brazilian market in 2022.

However, Brazil's car market is still dominated by European and American car companies. The companies with the highest market share in 2022 were Fiat Chrysler, General Motors, and Volkswagen, with a combined market share of 56%. In addition, the growth of new energy vehicle sales in Brazil is still in an early state. Public information shows that over 10,000 plug-in hybrid cars were sold in Brazil in 2022, and over 8,000 pure electric cars were sold.

The COVID-19 pandemic dealt a huge blow to the Brazilian auto market. Considering the sluggish economy, the Brazilian government is eager to revive the local auto industry. Data from the ANFAVEA shows that Brazil's car sales in 2022 were way below the figure of 2.79 million units in 2019.

According to Brazilian media, Lula said in March 2023 that Brazil must stop importing a large number of cars and increase local car production. The capacity utilization rate of the Brazilian automotive industry was only 50% at that time. The Brazilian government introduced tax breaks in May for models priced under 120,000 reais (about $24,365), which is expected to reduce the price of some models by 11 percent.

In addition to making cars in South America, BYD but also focus on mines, in line with the company's tradition of vertical integration in the supply chain. BYD's Executive Vice President Li Ke revealed in a media interview in early July 2023 that the company plans to build a lithium iron phosphate plant in Chile, which is currently in the site selection phase and is scheduled to be put into operation in 2025.

本文內容來源:鈦媒體英文站

轉載請注明出處、作者和本文鏈接。
聲明:文章內容僅供參考、交流、學習、不構成投資建議。
想和千萬鈦媒體用戶分享你的新奇觀點和發(fā)現,點擊這里投稿 。創(chuàng)業(yè)或融資尋求報道,點擊這里。

敬原創(chuàng),有鈦度,得贊賞

贊賞支持
發(fā)表評論
0 / 300

根據《網絡安全法》實名制要求,請綁定手機號后發(fā)表評論

登錄后輸入評論內容

快報

更多

11:59

文遠知行:啟動新加坡首個Robotaxi公開運營

11:58

特朗普稱美軍離開伊朗油價就能跌

11:57

遼寧發(fā)布20條新政策推動微短劇發(fā)展

11:53

欺詐騙保將被重點打擊,醫(yī)保基金使用監(jiān)督管理條例實施細則今起施行

11:53

雄安國家氣候觀象臺正式啟用

11:52

智己汽車3月銷量7187臺

11:51

遠景首發(fā)AIDC能源解決方案,已攜手騰訊落地全球首個100%綠電直供數據中心

11:50

普冉股份:4月15日起對通用MCU相關產品價格進行上調

11:50

廣汽子公司因湃電池:計劃融資上市

11:47

歐盟能源專員:伊朗戰(zhàn)爭使歐盟化石燃料進口額增加140億歐元

11:46

中科宇航:力箭二號重型計劃于2028年首飛,力箭三號計劃于2030年首飛

11:46

聯(lián)想楊元慶:兩年后營收沖刺1000億美元,將探索更多AI原生設備

11:44

一季度中國稅務部門征收稅費收入超8.4萬億元

11:43

國臺辦:歡迎臺農臺企來大陸投資興業(yè)

11:42

四部門發(fā)布通知,明確2025年度享受研發(fā)費用加計扣除政策的工業(yè)母機企業(yè)清單制定工作有關事項

11:40

A股午評:三大指數均漲超1%,近4400股上漲,醫(yī)藥、半導體板塊走強

11:32

韓國KOSPI指數漲幅擴大至7%

11:23

國家文物局:組織全國國有博物館逐件清點館藏文物,全面核實賬物相符情況

11:21

全球首套常水支架及智能成套系統(tǒng)在鄭州下線

11:19

高盛上調鋁價預期,因供應中斷加劇

掃描下載App