BYD begins battery production in Brazil at its Camaçari plant to achieve 50% domestic content in vehicles by 2027. The move includes $1.08 billion in investment across battery and energy storage projects, with $98 million allocated to bus battery expansion. BYD aims to reach 13.5% market share in Brazil and become number one by 2030.
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Summary by ByteBrief
Ford to produce first LFP cells this year with CATL license