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BYD targets $27.6b output with Shenzhen expansion
China’s EV maker BYD plans to develop the fourth phase of its industrial park in the Shenzhen-Shanwei Cooperation Zone, according to the Shenzhen government.
The project aims for an annual output value exceeding 200 billion yuan (US$27.6 billion) once the third and fourth phases are fully operational.
BYD, the world’s largest EV producer, sold over 500,000 pure-electric and hybrid vehicles last month.
Recent BYD developments
| Timeline |
|---|
19-Nov-2024 🚗 BYD plans to invest $13.6b in developing AI
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13-Nov-2024 🚙 BYD unveils first vehicle with Huawei’s driver assist system
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04-Nov-2024 🚗 BYD sales surge to 500k vehicles in October
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31-Oct-2024 🚗 BYD surpasses Tesla in Q3 earnings
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21-Oct-2024 🏺 BYD, Black Myth: Wukong creator to digitize heritage
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| 01-Oct-2024 🚗 BYD EVs recalled due to steering defect |
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