BYD Ningxiang Power Battery Production Base Project Starts Construction
The BYD Ningxiang Power Battery Production Base Project was launched in Ningxiang High-tech Zone on May 28. Hu Henghua, CPC Hunan Provincial Committee Standing Committee member and CPC Changsha Municipal Committee secretary, announced the start of the project, a prelude to Changsha’s major industrial project construction in the second quarter.
BYD Company Ltd. Vice President and Battery Business Group CEO He Long, and city leaders Xia Jianping and Qiu Jixing attended.
BYD is one of the world's leading suppliers of new energy vehicles and power batteries. The Ningxiang Power Battery Production Base plays an important part in BYD’s overall arrangement in the central region. It mainly provides power battery products for BYD's new energy vehicles, including core products such as power battery cells and modules. Five billion CNY will be invested in the first phase of the base. The base’s annual output value is expected to reach 10 billion CNY when reaching the target capacity.
Sany Tower Crane, Tianwei Electric, Zhongbang Ceramsite, and Shengchen Technology projects were also started in the Ningxiang High-tech Zone on that day, involving advanced energy storage materials and advanced equipment manufacturing industries. The total investment of these projects is 6.12 billion CNY.
Among the industrial projects launched in the second quarter, there are 27 major industrial projects, with a total investment of 35.279 billion CNY. These major industrial projects include 21 industrial chain projects, covering 11 industrial chains, such as automobiles, artificial intelligence and robots, construction machinery, display functional devices, and carbon-based materials.
Translator: Kuang Zhenzhen
Chinese source: icswb.com