BYD started construction on new projects at its fourth industrial park in Shenzhen to provide auto parts

 

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Chinese electric vehicle and power battery maker BYD Co. has started construction on a new project at its fourth industrial park in Shenzhen, where it is headquartered, which will provide parts and components for the carmaker.

It’s the second phase of BYD’s industrial park in the Shen-Shan Special Cooperation Zone, with a planned total investment of about 20 billion yuan ($3 billion) and a planned land area of about 3.79 million square meters, according to a local Shenzhen TV.

The project will be divided into three sites C, D and E, which will become a core parts production base for BYD, with a total labor demand of about 36,000 people and an annual output value of about 100 billion yuan, according to the report. By September 30, the land formation of Site C will be completed, and the entire phase II project is scheduled to be completed and put into operation on July 30, 2023, according to the report.

With a total investment of 25 billion yuan, the first and second phases of Shen-Shan Park are expected to have an annual output value of more than 110 billion yuan when all the projects reach production, according to Shenzhen TV.