BYD To Invest $805 Million In New EV Factory In Changsha, China
3 Y BY MARK KANE
BYD Auto intends to invest 5 billion yuan ($805.83 million) to build a new electric truck factory in Changsha, China.
It will be a significant plant, which could begin operation before the end of this year and will export all over the world.
Full capacity in 2016 is stated at 2,500 annually, but there is already a plan to increase it to 5,000 by 2020, and 10,000 by 2025.
“The auto company reached an agreement with Yuhua district on May 18 to build the new factory for electric trucks and special vehicles as the second phase of Changsha BYD (Build Your Dreams). The project is expected to begin production by the end of the year.
Changsha’s top leader Yi Lianhong met with Wang Chuanfu, the head of BYD, and congratulated him on BYD’s achievements in Changsha. He said that BYD has stuck to a path of environmental protection and energy saving, and that the company has made positive explorations to the country’s economic development.”
Changsha is also interested in electric buses, as they ordered 1,000 in 2010.
Source: Changsha Municipal Government, Automotive News China