On July 16th, BYD (002594.SZ) confirmed to Great Wisdom News Agency that the company will invest in the first electric bus factory in Campinas, Brazil, and set up a research and development center and prototype vehicle manufacturing center. 200 million reais (Brazil currency, contract $ 91 million). This will be BYD's first new energy plant in Latin America.
BYD's press release shows that the factory is mainly for electric bus and iron battery module assembly factory, and also for BYD's R&D center in Latin America. It is mainly responsible for the research and development of electric vehicles, batteries, smart grid, solar energy and LED light projects. . In addition to electric buses, the plant will also undertake BYD solar panel assembly business. The entire factory area is 32,000 m2 and the office area is 20,000 m2.
Mr. Li Tie, general manager of BYD Brazil, said that by 2015, the plant will reach an annual production capacity of 500 to 1,000 buses and directly create 450 jobs.
According to the data provided by BYD, as of February 2014, BYD has set up factories in the United States and Bulgaria, and has trial operation of new energy vehicles in more than ten countries including the Netherlands, Canada, the United Kingdom, Chile, and Germany.
On May 1, 2013, BYD officially announced the establishment of an iron battery and electric bus factory in Lancaster, USA, marking BYD Motors, the US subsidiary of BYD, having its first production plant in the United States.
In April 2013, BYD established its first overseas wholly-owned bus factory in California, USA, and received a $14 million electric bus purchase contract from Long Beach, USA.
In December 2012, BYD officially signed a contract with Bulmineral of Bulgaria. The two parties announced the establishment of an electric bus joint venture with a ratio of 50:50 and named Auto Group Motors.
BYD's press release shows that the factory is mainly for electric bus and iron battery module assembly factory, and also for BYD's R&D center in Latin America. It is mainly responsible for the research and development of electric vehicles, batteries, smart grid, solar energy and LED light projects. . In addition to electric buses, the plant will also undertake BYD solar panel assembly business. The entire factory area is 32,000 m2 and the office area is 20,000 m2.
Mr. Li Tie, general manager of BYD Brazil, said that by 2015, the plant will reach an annual production capacity of 500 to 1,000 buses and directly create 450 jobs.
According to the data provided by BYD, as of February 2014, BYD has set up factories in the United States and Bulgaria, and has trial operation of new energy vehicles in more than ten countries including the Netherlands, Canada, the United Kingdom, Chile, and Germany.
On May 1, 2013, BYD officially announced the establishment of an iron battery and electric bus factory in Lancaster, USA, marking BYD Motors, the US subsidiary of BYD, having its first production plant in the United States.
In April 2013, BYD established its first overseas wholly-owned bus factory in California, USA, and received a $14 million electric bus purchase contract from Long Beach, USA.
In December 2012, BYD officially signed a contract with Bulmineral of Bulgaria. The two parties announced the establishment of an electric bus joint venture with a ratio of 50:50 and named Auto Group Motors.
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