BYD Company Argentina will set up factories to produce electric vehicles and their accessories
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On November 1, China's BYD Company and the Ministry of Industry of Argentina signed an agreement, and Argentina’s Minister of Industry Dvora Ghiorghe and Chairman of the Board of Directors and President of BYD Company Wang Chuanfu signed the agreement. 
According to the agreement, BYD will set up a factory in Argentina to produce electric vehicles and their accessories. In addition, BYD also plans to cooperate with Argentine companies in the production of lithium batteries for mobile phones, laptops and netbooks in Argentina. BYD has once again invested abroad after establishing a North American headquarters in the United States at the end of last month.
Ghiorgh said that the signing of this agreement is an important progress in the economic and trade cooperation between Argentina and China, creating conditions for Chinese companies to transfer clean energy technologies to Argentina. Argentina can be a platform for BYD to export to the Southern Common Market and other countries. .
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The so-called Southern Common Market refers to the economic community headed by Argentina, Brazil, Uruguay, and Paraguay. It is not only the largest economic alliance in the South American region, but also the world’s first common market composed entirely of developing countries; The cooperation of Argentina will facilitate its products to enter the South American market.