The Brazilian government has issued a circular announcing that the country's president, Luiz Inácio Lula da Silva, received BYD's executive vice president and CEO of the Americas, Li Ke, at the Planalto Palace for a briefing on BYD's plans to produce the first electric vehicles in Brazil by March 2025.

In short, BYD plans to create 10,000 direct jobs at the new Brazilian plant between January and August 2025 and 20,000 by the end of 2026, with 2,000 more expected in January, 3,000 in May and 5,000 in August.

Li Ke said, ‘This will be the largest and most advanced electric vehicle production plant outside of China, with capacity expected to reach 150,000 vehicles by the end of 2025 and 300,000 by the end of 2026, mainly for the Brazilian and South American markets.’

Li Ke, who has reportedly just returned from the renovation site of the Camazari plant in Bahia, confirmed that she has honoured a previous promise made to President Lula to produce the company's first hybrid system in Brazil, a project that was completed by 110 engineers from China and Brazil. She also revealed that BYD is in the process of setting up a large technology research centre in Bahia.

BYD's new energy vehicle sales reached 506,804 units in November, up 67.86 per cent year-on-year, with overseas sales of new energy passenger cars totalling 30,977 units, of which 28,141 were exported.

Source: IT Home