Livoltek, a PV inverter manufacturer and part of China’s Hexing Group, has unveiled details of a plan to build an inverter factory in the Manaus Free Trade Zone (AM), Brazil.
The company said pv magazine Brazil that the factory will cover an area of 30,000 m2 and will require an investment of BRL 70 million ($13.2 million). in the first phase. The company’s plans also include the production of lithium batteries and chargers for electric vehicles. Production will start in August, when the environmental permit will be applied for, and production is expected to start in late 2024.
Twelve years after deciding to invest in Brazil, the company said it seized the opportunity to start producing inverters, car chargers and batteries.
“The best competitive advantage we see is that we have already learned how to produce in Brazil,” said Zhou. “We know the tax system and labor law, and we see that Brazil still has a very bright future for solar technology.”
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