BYD to Start Manufacturing in Argentina
CTS Auto / BYD Auto, a firm controlled by renewable energy technology company BYD, has been authorized through Presidential Executive Order to become a local auto manufacturer in Argentina. As such, BYD plans to contribute towards sustainable development, offering electric mobility solutions, which aim to improve the quality of life and provide industrial and social sector growth.
Through the introduction of cutting edge technology, currently nonexistent in the country, the company aims to generate jobs, contributing to social and industrial development; subsequently fulfilling environmental commitments assumed by the Argentine Republic, a top priority of President Mauricio Macri since the start of his term. BYD is confident that the changes propelled by the current government have created the conditions necessary to define their investment in Argentina within the company’s ambitious international expansion plans.
BYD will partake in the transformation of urban bus fleets in Argentina through the installation of a 100% electric bus plant, with the goal to reduce harmful noise and gas emissions in urban centers; a step towards reform of the grim worldwide pollution caused by automotive transportation. 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.
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 memorandum laid the foundation of the company’s intent for local manufacturing of electric vehicles. In 2013, BYD initially applied for approval of its noise emission technologies to the Secretary of Environment and Sustainable Development and in April 2017 became the first company to obtain a LCM (Model Configuration License) for its Pure Electric Urban Buses.
As its name indicates, BYD ‘Build Your Dreams’, the company mission is to develop green initiatives to improve quality of life and recover the environment with the development of new proprietary technologies. To achieve these dreams, BYD spares no efforts to explore solutions for sustainable development. While it advances in the fields of IT, New Technologies in Energy and Mobility, in Oct of 2016 BYD officially entered the rail industry with its cutting edge SkyRail monorail system. BYD strives to electrify all public transportation systems to contribute towards low carbon emissions for urban centers and their inhabitants.