Bravo Motor Company Brasil an EV technology company and a part of the international ArqBravo Group with more than 700 investors in 20 countries announced the signing of a protocol of intent for the first lithium-ion battery gigafactory in Latin America The deal is with the government of Bahia and municipality of São Sebastião do Passé in Brazil The factory will produce lithium battery cells for electric vehicles and energy storage systems Brazil aims to be the leader in the energy transition and the decarbonisation of the economy in Latin America The protocol includes the donation of 400,000 sq m of land The first phase of the project is valued at $109 million for 1GWh of capacity The Brazilian unit will challenge the Tesla Gigafactory in Mexico to be the first of its kind in Latin America if planning delays at Tesla’s facilities continue In 2028 the factory will have capacity of 5GWh to correspond with the expected growth of the market to 45GWh in 2030 The major off-takers would be producers of trucks and buses and the electric sector overall Increased demand for the light vehicle industry is also foreseen BMC CEO Eduardo Javier Muñoz said: “We are excited about this historic collaboration which will not only boost the local economy but also position Brazil at the forefront of technological innovation in the lithium battery sector.” The project will create thousands of jobs and promote sustainable economic growth All the latest on Batteries & Energy Storage Technology a major investor in the Turkish renewable energy sector has signed an agreement for British engineering company Rolls-Royce to supply a 132MWh LFP battery energy storage system (BESS).. Find a wealth of information on the energy storage and battery industries with BEST Magazine From all the latest news to in-depth technical articles we have everything you need in print and online All the latest news and articles on Batteries & Energy Storage Technology Copyright 2025 © Energy Storage Publishing Ltd automotive and other industries are pouring in from China 43,000+ global companies doing business in the region 102,000+ key contacts related to companies and projects news and interviews about your industry in English