BYD eyes Brazil PV production
Chinese battery and automotive group BYD is planning to build its first factory in Brazil, with PV module production on the agenda at the plant.
The factory is due to open in 2015 in the city of Campinas, near Sao Paulo.
The plant, covering 52,000 square meters, will bring assembly of the world's only long-range pure electric bus to South America, along with BYD’s iron-phosphate battery packs.
"Along with the buses and batteries, our dream is to build solar panels and energy-storage systems here to help the region achieve their zero emissions goals," says Wang Chuanfu, BYD's chairman.
A research and development centre for the company's PV, smart-grid and LED lighting businesses as the second phase of the site's development is also in the plan, according to BYD.
The Hong Kong-listed company has significant ambitions in growth solar markets, and in May announced its biggest project yet in India, a 50MW plant in Gujarat.
BYD says it will create around 450 local jobs in Brazil.
"The arrival of BYD in the state strengthens the role of Sao Paulo to always be at the forefront of new technologies," says Luciano Almeida, president of Invest Sao Paulo.