Xi Jinping witnessed BYD signing a contract with Brazil. LED lighting will radiate to South America.

　

As a Chinese independent brand, BYD's establishment of a factory in Brazil has far-reaching significance: first, BYD can make full use of Brazil's rich raw material resources to drive the development of Brazil's new energy industry. Secondly, Brazil will also become another country with new energy vehicle battery production capabilities after China, Japan, South Korea and the United States. Previously, BYD has officially announced that it will invest in the establishment of the first new energy bus factory and a South American R&D center in Campinas, Brazil, including the research and development of LED light projects.

According to the investment plan, BYD’s total investment in Brazil will reach US$400 million. The first-phase investment in the new energy bus factory project will reach US$91 million. It is mainly an electric bus and iron battery module assembly factory. It is also BYD's R&D center in Latin America and is mainly responsible for the research and development of electric vehicles, batteries, smart grids, solar energy, and LED light projects. In addition to electric buses, the factory will also undertake BYD's solar panel assembly business. The entire factory building area reaches 32,000m2, and the office area accounts for 20,000m2. These two investments will be BYD's first iron battery factory and first new energy factory in Latin America.

　

Data provided by BYD shows that as of February 2014, BYD had invested in and established factories in the United States and Bulgaria, and had new energy vehicle trial operations in more than ten countries including the Netherlands, Canada, the United Kingdom, Chile, and Germany. Mr. Wang Chuanfu, President of BYD Co., Ltd., said that taking this opportunity, BYD's new energy vehicles, energy storage, solar energy, LED and other related businesses will open up the Brazilian market and radiate throughout South America.