Argentina's Macri greenlights electric vehicle plant construction
Argentine President Mauricio Macri granted China-based manufacturer BYD permission to build an electric vehicle plant in the South American country.
A presidential decree published Monday in the official gazette mandates that BYD, through local subsidiary CTS, begin construction within six months.
BYD will invest US$100mn in the project's construction, state news service Télam reported, quoting a company spokesperson who said that BYD plans to fabricate 300 completely electric city buses in the plant's first year of operation.
"The timing of the new plant goes hand in hand with investment policies displayed in the country in terms of sustainability and renewable energy projects," BYD said Tuesday in a statement.
"In Argentina, BYD began its development plan in 2011 during a visit from CEO and founder Wang Chuanfu, who signed an MOU with the ministry of industry and transportation."
The spokesperson said that the buses' batteries will be charged at night, when nationwide electricity demand is lowest.
The approval coincides with an official visit by Macri to China to discuss bilateral cooperation and investment opportunities with the latter's president, Xi Jinping.
The plant's location has not yet been determined, the Télam report said.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Electric Power (Argentina)
Trina Tracker positions itself as the leader in smart solar trackers in Argentina with more than 50% of the local m...
With a presence in more than half of the photovoltaic projects in 2024, Trina Tracker has become the most sought-after supplier by solar energy pro...
Roundup: Power project permitting, wind farm analysis
A roundup of electric power news from Chile and Argentina.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power (Argentina)
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: 132kV Alipiba II – Nuevo Electroducto high voltage line and Villa La Angostura interconnection
- Current stage:
- Updated: 5 months ago
- Project: Domuyo geothermal project
- Current stage:
- Updated: 6 months ago
- Project: Los Pocitos wind farm
- Current stage:
- Updated: 6 months ago
- Project: Los Guiones multipurpose hydro project
- Current stage:
- Updated: 6 months ago
- Project: Cerro Senillosa wind farm
- Current stage:
- Updated: 6 months ago
- Project: La Americana wind farm
- Current stage:
- Updated: 6 months ago
- Project: San Luis Hive I photovoltaic park
- Current stage:
- Updated: 6 months ago
- Project: Huincul Wind Farm
- Current stage:
- Updated: 6 months ago
- Project: Malargüe thermal power plant
- Current stage:
- Updated: 6 months ago
- Project: La Escondida Solar Plant
- Current stage:
- Updated: 6 months ago
Other companies in: Electric Power (Argentina)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Bruchou & Funes de Rioja
- Company: Solar Energy S.A.
- Company: PECOM SERVICIOS ENERGÍA S.A. (PECOM)
- Pecom Servicios Energía S.A. (PSE) es una empresa argentina fundada en 1947, con sede en Buenos Aires y presencia nacional que ofrece servicios de operación y mantenimiento, y s...
- Company: Tomio Ingenieria S.A. (Tomio Ingenieria)
- The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Wood Argentina
- Company: Metalúrgica Calviño S.A. (Metalúrgica Calviño)
- Metalúrgica Calviño S.A., incorporated in 1943, is an Argentinean company based in Bosques which designs, manufactures and installs bridge cranes, gantry cranes, wind towers, an...
- Company: Catamarca Minera y Energética Sociedad del Estado - Camyen S.E. (CAMYEN)
- The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Veolia Argentina
- In Argentina, Veolia creates and offers integral solutions and multiservices that favor sustainable development in cities as well as industry. With a network of professionals an...
- Company: Grupo Newsan (Newsan)
- Company: Golder Associates Argentina S.A. (WSP Argentina)
- WSP is one of the world's leading engineering and environmental services consultancy firms. We advise our local communities, supported by our strong international capability. We...