8.12BYD to build new plant in Xi'an for auto capacity

BYD to build new plant in Xi'an for auto capacity

 

http://autonews.gasgoo.com/auto-news/1011721/BYD-to-build-new-plant-in-Xi-an
-for-auto-capacity.html

 

Shanghai, August 12 (Gasgoo.com) On July 26, BYD Auto signed a deal with
Xi'an municipality to build a new plant for auto output expansion in the
capital city of northwestern China's Shaanxi province, xinhuanet.com
reported.

 

The move is part of BYD's strategies to expand its auto production capacity
and product line-up. The new Xi'an facility will have an annual output of
400,000 units to produce its L3, G3, F5 cars and auto parts.

 

The current BYD auto facility in Xi'an has an annual capacity of 200,000
units, as is its plant in its southern city of Shenzhen, headquarters of the
private automaker.

 

The majority of components for the new Xi'an plant's auto manufacturing will
be produced in-house, except tires and glass. Alongside the new facility,
BYD will set up an engine plant with capacity for 600,000 sets a year. 

 

Construction on both new plants is scheduled to start in October. BYD will
invest a total of 5 billion ($732 mln) in the Xi'an projects to be located
in Xi'an Hi-tech Industrial Development Zone.

 

The recent moves by BYD Co to expand its auto product line-up and capacity
include a deal to buy stake in bus-maker Hunan Midea Coach, and a deal to
build a bus-and-minivan facility with an annual capacity of 400,000 units in
Changsha.

 

For more information please visit http://autonews.gasgoo.com/index.html