Chinese automaker BYD will create an EV hub in Brazil at an old Ford plant

BYD, the popular Chinese EV automaker, plans to invest 3 billion reais ($620 million) in a new Brazilian manufacturing hub, as it looks to build a larger presence in South America The industrial complex will be built in the northeastern state of Bahia, in the town of Camaçari, where BYD bought a Ford plant that closed in 2021.
Read more: https://qz.com/chinese-automaker-byd-will-create-an-ev-hub-in-brazil-a-1850607536?source=Snapzu