BYD plans to invest over USD584 million in setting up EV manufacturing plant in Brazil


BYD plans to install three new assembly lines at a brownfield facility, which was earlier operated by Ford in Camacari

Chinese electric vehicle (EV) maker BYD has signed a letter of intent (LoI) with the Government of the State of Bahia in Brazil to set up an EV manufacturing plant, according to a report published by the Brazilian news portal Automotive Business on 28 October 2022.

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