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BYD announces billion-dollar investment in Brazil: Car factory and delivery of vehicle to President Lula
According to the AutoEsporte website, in a memorable meeting at Palácio da Alvorada, BYD and former president Luiz Inácio Lula da Silva consolidated a partnership that promises to redefine the panorama of the automotive industry in Brazil.
The announcement of the imminent start of works at the factory in Camaçari, Bahia, and the delivery of a Tan electric SUV, valued at R$529.890, for use by the Presidency of the Republic, signal an exciting phase of innovation and sustainability.
BYD invests R$3 billion in building a car factory in Bahia
The next few weeks will mark an epic chapter in the history of BYD in Brazil. With a significant investment of R$3 billion, the Chinese manufacturer is about to begin construction of a factory in Camaçari, Bahia. This ambitious venture, with an initial capacity to produce 150 cars per year, represents BYD's first foray into automobile manufacturing outside of Asia. Furthermore, the initiative promises to create 10 thousand direct and indirect jobs, reaffirming BYD's commitment to Brazilian economic growth.
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BYD sets bold plans: Electric cars, hybrids and technological development
BYD not only aims to be a car manufacturer, but also sets audacious goals for technological development in Brazil. With the confirmation of the production of the Dolphin hatch and the Yuan Plus SUV, BYD demonstrates its remarkable entry into the Brazilian market. The commitment to the local economy extends to the creation of a group of suppliers, revitalizing the old Ford factory, closed in January 2021. Furthermore, BYD plans to establish a Technological Research and Development Center, focused on the innovation of a hybrid-flex engine, a bold initiative that aims to combine efficiency and sustainability.
The future of the Brazilian automotive industry takes on electrified and innovative contours with the arrival of BYD. The delivery of the Tan electric SUV to the Presidency of the Republic is more than a simple vehicle; is a symbol of BYD's commitment to sustainability. This partnership between BYD and Lula doesn't just bring cars to Brazil; it ushers in an era of innovation, jobs and technological advances. BYD is literally driving the future of electric mobility in Brazil, and the next few weeks promise to be an exciting chapter in this journey of transformation.
