Car firms make inroads in Brazil
By Li Fusheng and Li Fangfang | China Daily | Updated: 2014-07-17 07:17
Chinese automaker BYD Co Ltd is making inroads into South America with a new plant in the city of Campinas, Brazil.
The cost of building the plant, BYD's first in the region, will be about 200 million reais ($90.2 million). It is slated to open in 2015.
"In the first year of operation, the plant will have a maximum production capacity of 1,000 electric buses, as well as all of their batteries," said BYD Brazil's General Manager Tyler Li.
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