In order to further strengthen its layout in the field of new energy
vehicles, BYD Auto signed an agreement with the Shenzhen-Shantou Special Cooperation Zone to start the construction of the fourth phase of the Shenzhen-Shantou BYD Automotive Industrial Park. On November 20, BYD announced this strategic investment project, demonstrating BYD's determination to improve production capacity and contribute to the sustainable development of China's automotive industry.
The Shenzhen-Shantou Special Cooperation Zone has become an important hub for the new energy vehicle industry, forming an industrial development pattern of "one main and three auxiliary", with the new energy vehicle industry as the main industry and new energy storage, new materials, intelligent manufacturing equipment, etc. as auxiliary industries. It has introduced nearly 30 leading companies in the industrial chain and has become an important participant in the global green energy transformation.
BYD's investment in the Shenzhen-Shantou BYD Automotive Industrial Park fully demonstrates its strategic vision. The first phase of the project focuses on the new energy vehicle parts industry and will start construction in August 2021 with a total investment of RMB 5 billion. Due to the tight construction schedule, the plant will start production in October 2022, and all 16 plant buildings are expected to be fully operational in December 2023. This rapid development reflects BYD's efficiency and commitment to meeting the growing demand for new energy vehicles.
The second phase of the project, as a new energy vehicle production base, was signed in January 2022 with a total investment of RMB 20 billion. This phase will be fully operational in June 2023, with a daily output of 750 vehicles. The plant will become a key area for BYD to release production capacity in South China, further consolidating its leading position in the new energy vehicle market. The rapid transition from construction to production - 349 days for the first phase and 379 days for the second phase - demonstrates BYD's operational excellence and ability to respond quickly to market demand.
The Phase III project of BYD Automotive Industrial Park in Shenzhen and Shantou will further enhance BYD's production capacity. The project will focus on the construction of battery PACK production lines and new energy vehicle core parts factories, with a total investment of 6.5 billion yuan. The annual output value is expected to exceed 10 billion yuan, making a huge contribution to the overall economic benefits of the park. After the completion of the Phase III project, the annual output value of the entire park is expected to exceed 200 billion yuan, becoming an important milestone in BYD's development history.
BYD's Shenzhen new energy passenger vehicle factory relocation and expansion has been approved by the Ministry of Industry and Information Technology, further demonstrating BYD's strategic fit with the country's green energy policy. Moving to the Shenzhen-Shantou Special Cooperation Zone not only enhances BYD's production capacity, but also fits in with China's broader goals of achieving carbon neutrality and promoting sustainable development.
As the world grapples with pressing challenges such as climate change and environmental degradation, the role of new energy vehicles has never been more important. BYD is committed to advancing the new energy vehicle industry, an important step toward a green energy future. The company's investment in innovative technologies and sustainable practices is paving the way for a new era of transportation that prioritizes environmental responsibility.
In conclusion, BYD's expansion in the Shenzhen-Shantou Special Cooperation Zone fully demonstrates its leadership in the field of new energy vehicles. The company's strategic investment not only increases its production capacity, but also contributes to the development of sustainable energy solutions around the world. As BYD continues to innovate and expand, it remains at the forefront of the transformation to a greener world, demonstrating that the future of transportation is in the hands of those who prioritize sustainability and environmental stewardship.
Post time: Nov-22-2024