Livotek stated it invested $13.2 million in a brand new inverter manufacturing unit in Brazil. The facility will even quickly produce lithium-ion batteries and electric-vehicle rechargers.

From pv journal Brazil

Livotek, a PV inverter producer and a unit of China’s Hexing Group, has revealed particulars of a plan to construct an inverter manufacturing unit within the Manaus Free Trade Zone (AM), Brazil.

The firm stated pv journal in Brazil that the manufacturing unit will occupy a floor of 30,000 m2 and would require an funding of BRL 70 million ($13.2 million). within the first section. The firm’s plans additionally embrace making lithium batteries and electric-vehicle chargers. It will begin in August, when it should apply for the environmental license, with manufacturing scheduled to begin on the finish of 2024.

Twelve years after deciding to put money into Brazil, the corporate says it bought the possibility to begin making inverters, automobile chargers, and batteries.

“The finest aggressive benefit we have seen is that we have realized find out how to do issues in Brazil,” Zhou stated. “We know the tax system, labor laws, and we see that Brazil has a brilliant future for photo voltaic know-how.”

This content material is protected by copyright and will not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].