After losing roughly $12 billion across a 10 year period, Ford decided to end its manufacturing operations in Brazil, marking the true end of an era in the South American country, though that move did prove costly at first. FoMoCo has since reinvented its business in Brazil, making it a regional engineering hub with a totally revamped vehicle lineup, and has been working to sell its manufacturing plants there. Now, one such Ford plant – located in Bahia – could be sold to Chinese EV automaker BYD, according to Reuters.
BYD has also been in negotiations with Ford to purchase the the Saarlouis Assembly plant in Germany when it ends production in 2025 – a move that won’t be blocked by the German government, yet may or may not actually happen, based on multiple recent reports. The Brazilian Ford plant remains in The Blue Oval’s possession for now, but President Luiz Inacio Lula da Silva is reportedly headed to China next week to promote the idea of BYD purchasing it and building vehicles in the South American country.
Last October, BYD signed a letter of intent with the Bahia government starting that it intends to invest 3 billion reais ($570 million USD) to produce electric vehicles at the Camaçari industrial park outside of the state capital, Salvador. BYD had hoped to reach an agreement to purchase the Ford plant by the end of 2022, but a final deal hasn’t yet been hammered out between the two parties.
Sources told Reuters that BYD is eager to make a deal for the Ford plant – a process that’s reportedly in the final stages – and that Brazilian officials are equally ready to welcome the company into its country, where it would reportedly retool the facility with a total capacity of around 300,000 vehicles per year.