A Chinese manufacturer of electric buses would set up in this province with an initial investment of US $ 70 million and about 100 employees. Build Your Dreams (BYD) already has a plant in Campinas (Brazil), where - in addition to vehicles - it produces solar cells.
Through the local subsidiary CTS Auto, the Chinese firm received in May the national authorization to install an industrial plant in the country; works should start before the end of the year, according to deadlines established by the Ministry of Production of Argentina.
BYD, founded in 2003 in China, manufactures buses and electric cars to be used as taxis; last year sold 100,000 units in the world. In Argentina, for now, the project is only for buses. They understand that they could trade about 300 in the first year to, in five, double the figure.
In Cordoba, BYD would produce the body of the bus, while the batteries and electric motors would be imported from China; the current legislation establishes that national integration must be between 25% and 30%.
Argentina has no electric public transport; at the beginning of this year the Minister of Environment, Sergio Bergman, canceled the purchase of 50 electric groups, on suspicion of alleged corruption in the design of the tender.
The interest of the company in Cordoba (also probed for a while the possibility of placing the plant in General Güemes industrial park in Salta) is based on the automotive pole that already exists and the availability of the skilled labor market. The province offered, as in all new settlements, the benefits of the industrial promotion law, which includes tax exemptions, financing of personnel training, reduction of energy costs and collaboration in plant installation works.
This year, to encourage local production and start creating an electric car market, the national government eliminated tariffs for importing electric car parts and reduced tariffs to import finished hybrid vehicles from 35% to 5%; also fell to 2% of imports of electric cars and fuel cells (hydrogen).
Date: 31 August, 2017