Smart and Sustainable Electric Mobility
BYD's Brazilian production base complex will start production in late 2024 to early 2025, with an expected annual capacity of 150,000 vehicles per year in the first phase.
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Seagull is the latest in the Ocean range offered by BYD in Brazil and Mexico, following the Seal and Dolphin.
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BYD and Raízen Power plan to build 600 new DC charging piles in eight major Brazilian cities.
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BYD has held discussions with Sigma Lithium about a possible supply agreement, joint venture or acquisition, an executive at the NEV maker said, according to the Financial Times.
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BYD becomes the bestselling NEV brand in Brazil, with 656 electric vehicles delivered in August.
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The Seal is the sixth model BYD has launched in Brazil after the Tang EV, Han EV, Yuan Plus EV, Song Plus DM-i, and Dolphin EV.
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BYD will invest $620 million in the facility, which will include an electric bus and truck chassis plant, a new energy passenger car plant, and a processing plant specializing in LFP battery materials.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) will invest hundreds of millions of dollars in Brazil to build an industrial complex as it steps up its efforts to expand in international markets.
The Chinese new energy vehicle (NEV) maker will set up a large production base complex of three plants in Brazil, BYD and the Brazilian state government of Bahia jointly announced on July 4, according to a statement.
The facility is located in the Brazilian city of Camacari, with a total investment of 3 billion reais ($620 million), according to a statement from BYD today.
The industrial complex includes a production plant for electric buses and truck chassis, a new energy passenger car production plant, and a processing plant specializing in lithium iron phosphate (LFP) battery materials.
The new energy passenger car production line will be able to produce pure electric and plug-in hybrid models with a planned annual capacity of 150,000 units.
The LFP battery material processing plant will utilize local port resources to meet the growing demand for new energy products in the global market, BYD said.
The industrial complex is scheduled to start production in the second half of 2024 and is expected to create more than 5,000 local jobs, according to the BYD statement.
The creation of a large production base complex in Brazil is an important milestone in BYD's development in the Americas market and will help accelerate the penetration of NEVs there, said BYD Americas president Stella Li.
In October 2022, BYD signed a letter of intent with the Bahia state government to build a vehicle production facility in the industrial area left behind by Ford after it closed its plant outside the city's capital, El Salvador.
The Bahia state government said at the time that BYD would build electric bus and truck chassis, as well as electric and hybrid cars, at three plants, and would also process Brazilian lithium for car battery exports to China.
"We have been in Brazil for almost 10 years. We have experienced many political changes in this period, in addition to exchange rate fluctuations, and inflation. But I think that in the long term, Brazil has its own advantages," Li said at the time.
BYD is now bringing its passenger cars to international markets, launching the Dolphin in Brazil on June 28, its fifth model in the country after the Tang EV, Han EV, Yuan Plus EV and Song Plus DM-i.
In addition to NEVs, BYD is already producing photovoltaic modules in Brazil.
On October 21, 2022, the company announced that BYD Energy Brazil's cumulative production of PV modules surpassed 2 million, after five years of local operations.
Last April, BYD opened a new PV module production line at its Campinas, Brazil, plant that is compatible with all sizes of PV cells currently on the market, allowing for increased productivity and efficiency.
($1 = 4.8412 reais)
BYD launches Dolphin in Brazil, enters South African EV market with Atto 3
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The Dolphin is BYD's fifth model to be launched in Brazil, and the Atto 3 is its first model to be offered in South Africa.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) is continuing to bring more models to more countries.
The Chinese new energy vehicle (NEV) maker launched the Dolphin in Brazil on June 28, its fifth model in the country after the Tang EV, Han EV, Yuan Plus EV and Song Plus DM-i.
The Dolphin is BYD's first model based on the e-Platform 3.0 and has a starting price of 149,800 Brazilian reais ($31,020) in Brazil.
As of June 29 local time, 300 BYD Dolphins have been sold in Brazil, the company said today.
BYD launched the Dolphin in China on August 29, 2021, and currently offers three versions in China with starting prices of RMB 116,800 ($16,100), RMB 123,800, and RMB 136,800, respectively.
"BYD is committed to offering more competitive new energy models for the Brazilian consumer. We are confident that BYD Dolphin is an excellent choice and can be the gateway for those who want to own an electric car," said Tyler Li, general manager of BYD Brazil.
In the passenger car segment, BYD has already established 24 offline dealership stores in Brazil and expects that number to reach 100 by the end of this year.
BYD also announced today that it officially entered the South African passenger car market with a brand launch event in the country on June 29.
BYD launched the Atto 3 in South Africa with a starting price of 768,000 South African rand ($40,630).
The Atto 3, known as the BYD Yuan Plus in China, is the NEV maker's first model built for the global market and is already available in several markets, including Japan, Australia and Singapore.
The BYD Yuan Plus has a starting price range of RMB 139,800 to RMB 167,800 in China.
BYD sold 240,220 NEVs in May, including 30,679 units of the Dolphin and 35,815 units of the Yuan family, according to figures released earlier this month.
In May, BYD sold 10,203 NEVs in overseas markets, down 31.19 percent from 14,827 units in April.
($1 = 4.8298 Brazilian reais, $1 = RMB 7.2582, $1 = 18.9032 South African rand)
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