BYD Looking to Invest $100 Million to Manufacture Up to 4,000 Electric Buses Per Year in Brazil
BYD has announced plans to invest up to $100 million to construct an electric bus manufacturing facility in Brazil.
The goal for BYD is to be able to produce up to 4,000 electric buses in Brazil once the facility is complete.
For those who don’t follow the going ons at BYD, the Chinese automaker has signed countless bus deals around the world. BYD is more or less turning into an electric bus manufacturer as its passenger vehicle sales seem less important right now.
BYD produces electric buses in China and in the US. A manufacturing facility in Europe is under consideration too.
The facility in Brazil would be responsible for supplying electric buses for all of Central and South America.