BYD Company Ltd. signed a letter of cooperation with Universidade Estadual de Campinas (Unicamp), in which the company commits to transfer over R$ 5 million (approximately 1.5 million USD) by 2020 to set up BYD’s first overseas Photovoltaic Research Center at the university.
"With a global R&D staff of over 20,000 engineers and researchers, and featuring amongst Fortune Magazine's '15 companies changing the world', the importance BYD gives to technological research is very clear. Our company is a true leader in the technology sector, and such leadership greatly relies on investing in local research and development." says Stella Li, BYD's global vice president.
The agreement aims to establish cooperation between BYD and Unicamp in scientific research and technological development activities. "For Unicamp, it is a great opportunity to establish the foundations of a partnership with BYD that promises to be very fruitful, by following the precept of innovation in technological development from the very start. The company chose Campinas as its base in Brazil, and we are convinced that Unicamp will be an important partner in research and development in the field of photovoltaic, which will certainly lead to the establishment of other collaborations in the future, always in search of a sustainable future." Said Marcelo Knobel, dean of Unicamp.