Business

BYD invests $2.7 mm and sets up battery plant in Manaus

BYD announced the beginning of operations of its iron-lithium phosphate battery plant, located in the Manaus Industrial Complex (PIM), in Amazonas. The plant has a production capacity of up to 1,000 batteries per year. The initial quantity of 272 units are projected to be delivered by November. The Company has invested R$15 million ($2.7 mm) in the new plant, which will initially serve the assembly of electric buses.

Source: Energia Hoje

Categories: Business, Industry