BRASILIA : Brazilian officials are offering fresh incentives including land for Chinese manufacturer BYD to build an electric car plant in Bahia state amid stalled talks to take over a closed Ford plant, said three people familiar with discussions in Shanghai on Thursday. Brazilian President Luiz Inacio
BRASILIA : Brazilian officials are offering fresh incentives including land for Chinese manufacturer BYD to build an electric car plant in Bahia state amid stalled talks to take over a closed Ford plant, said three people familiar with discussions in Shanghai on Thursday.
The sources, who requested anonymity to discuss the talks between BYD and the Brazilian delegation, said the Chinese firm would keep negotiating with Ford to take over the Bahia factory closed in 2021 and inherit state tax incentives for the complex. "They pointed out that sometimes adapting a site is more time consuming than doing it from scratch," said one of the Brazilian attendees.
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