BYD to build electric vehicles in Changsha
BYD Auto will invest 5 billion yuan ($805.83 million) to build a factory for electric vehicles in Changsha.
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.
Yi further added that Changsha has become a new growth pole for China’s auto industry, with enhanced supporting capacity and an increasingly vigorous consumer market. He hoped the two sides could cooperate further on auto vehicles, new energy, and manufacturing.
Wang said that the launch of the electric truck project in Changsha makes the city the only BYD base that produces both passenger and commercial vehicles. BYD will build a new energy vehicle base in Changsha, exporting all over the world, he said.
Edited by Zhang Qiong, Andrew Ancheta
Source: Changsha Evening News