BYD Launches Battery Production Plant In Brazil with an investiment of $2.7 mn

BYD recently started operation of a battery production facility in Brazil, where it already has two other factories. The latest battery plant in Manaus is rather small, with an initial investment of just R$15 million ($2.7 million). The output will be up to 18,000 battery modules per year. Primarily, the batteries will be used in BYD’s buses.