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BYD’s Bahia plant still has no address

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The factory of the Chinese car manufacturer BYD in Bahia still does not have an address. From the official announcement made Tuesday in Salvador, it is only known that it will be in Camaçari. There is an old Ford factory for sale in this city, and the Chinese company is interested in buying it. Bahia Governor Jerônimo Rodrigues promised that if Ford and BYD do not reach an agreement in these negotiations, which have been going on for months, he will find another location in the same city.The efforts of the governor of Bahia will pay off. On Tuesday, the Chinese company confirmed an initial investment of R$3 billion to employ 1,000 people and produce 150,000 vehicles per year in the first phase. Over time, according to the company’s executive vice president, Stella Li, there will be 5,000 employees.Ms. Li, who also heads BYD’s operations in the Americas, stood out at the party the state government prepared for the announcement. When the first local music groups took the stage, she kept up with the rhythm by clapping and tapping her feet on the floor. Gradually she loosened up. She even played with the Ilê Aiyê group and followed perfectly the choreography of the Bahian dancers when Olodum came on stage. The Chinese executive also put Senhor do Bonfim ribbons on her wrist.Since the address of the factory had not yet been determined, the party was held at Farol da Barra, where the Chinese brand’s vehicles were on display. In her speech, Ms. Li said BYD will make cars, buses, and electric trucks in the future. She also promised to produce affordable electric cars in the country and to turn Bahia into an "innovation hub." Production is scheduled to begin in the last quarter of 2024.According to the governor, the cooperation document signed with BYD also provides for "research and production of minerals" in the state. Ores such as lithium are key for battery production. BYD’s investment in Bahia will be part of a state incentive program that includes a 95% reduction in the ICMS tax until 2032.In an interview in Salvador shortly after the investment announcement, BYD’s advisor in Brazil, Alexandre Baldy, said that "there are no obstacles" in the Chinese company’s...

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