Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

First vehicle rolls off assembly line at BYD's Hefei plant

July 01, 2022


Abstract : The first vehicle rolled off the assembly line of the leading Chinese auto manufacturer BYD's brand-new plant in Hefei, capital of east China's Anhui Province, on Thursday.

HEFEI, June 30 (Xinhua) -- The first vehicle rolled off the assembly line of the leading Chinese auto manufacturer BYD's brand-new plant in Hefei, capital of east China's Anhui Province, on Thursday.

In July 2021, BYD and Hefei reached a cooperation agreement involving the new project, and in less than a year, the company manufactured its first vehicle in the new plant at a record speed, according to local authorities.

The total investment of the project in the first phase was 15 billion yuan (about 2.24 billion U.S. dollars). After the project is fully operational, its annual output value is expected to exceed 50 billion yuan.

Hefei aims to become the capital of new energy vehicles (NEV) with international influence. A number of auto companies, including BYD, Volkswagen, NIO and JAC, have set up or are building NEV plants in the city.

Hefei's NEV industry raked in a revenue of 102.95 billion yuan in 2021, manufacturing 145,000 vehicles.

Scan the QR code and push it to your mobile phone

Keyword: BYD

Reading:

BMW to compete with Tesla by opening an electric car plant in China

Economic Watch: China's NEV sector enters fast lane amid decarbonization drive

Sales of Chinese auto brands continue steady growth in May

China's NEV industry enters new stage of rapid development

Green development to bring more investment demands to China

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial