BYD will invest up to 500 million reais in battery storage in Brazil ahead of the country first big grid-storage auction, deepening China energy role.
Energy · Industry
Key Facts
—The pledge. Chinese carmaker BYD will invest up to R$500m ($98m) in battery storage in Brazil.
—The trigger. Brazil will hold its first auctions dedicated to grid batteries on December 2 and 4.
—The field. Chinese giants including CATL, Huawei and Sungrow are also circling the market.
BYD investirá até R$ 500 milhões em baterias no Brasil
Leilão de baterias já atrai novas fábricas para o Brasil
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