CTS Auto/BYD Auto, a firm controlled by renewable energy technology company BYD, has been authorised 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," the Chinese EV specialist said in a statement.
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"BYD spares no efforts to explore solutions for sustainable development in Argentina by introducing pure electric buses."
Through the introduction of technology, which, BYD said, was "currently nonexistent in the country", the automaker "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."
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BYD will help transform 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 centres.
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By GlobalDataThe 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.
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 Licence) for its electric urban buses.
