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BYD settled in Hefei with 6 billion of its own, with an annual production capacity of 400000 vehicles.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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Recently, according to the project filing information of Changfeng County Development and Reform Commission of Hefei City, BYD Hefei Project has completed the filing. The total investment of the project completed this time is 6 billion yuan, with an annual production capacity of 400,000 vehicles. In the future, it will mainly be engaged in the manufacture of core products such as new energy battery cells, modules and related supporting industries. The project will start construction at the end of August. In addition, the announcement also shows that the project covers an area of about 3918 mu, 26 new workshops, 3 fire pump houses and underground pools, 2 comprehensive station buildings, oil depots, 110KV power stations, departure greenhouses, shipping centers, 2 hazardous waste warehouses, 2 hazardous warehouses, 2 waste warehouses, logistics centers, comprehensive office buildings, 3 dining halls, 4 guards, recruitment centers, garbage stations, 26 shift buildings, wastewater treatment areas, etc., totaling about 2.3 million square meters. Or affected by this news, BYD rose as much as 10% by the time of issue, BYD A shares quoted 308.09 yuan, Hong Kong shares reported 280.6 Hong Kong dollars.

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Relevant information shows that on July 12 this year, Hefei BYD Automobile Co., Ltd. was registered and established. The legal representative is He Zhiqi, with a registered capital of RMB 1 billion yuan. Its business scope includes: automobile parts and accessories manufacturing; sales of new energy vehicles; sales of electric accessories for new energy vehicles; R & D of automobile parts, etc. The company is 100% owned by BYD Automobile Industry Co., Ltd. At present, BYD has laid out seven power battery production bases nationwide. Except Hefei, the rest are distributed in Shenzhen, Huizhou, Changsha, Chongqing, Xining and Xi'an. BYD was founded in February 1995, and its related business layout covers electronics, automobiles, new energy and rail transit. According to relevant data, BYD car sales in June were 51152 vehicles, up 60.12% year-on-year; cumulative car sales from January to June were 253,900 vehicles, up 55.51% year-on-year. In terms of new energy vehicles, BYD sold 41366 new energy vehicles in June 2021, with a year-on-year growth of 192.03%. 1-6 The cumulative monthly sales volume was 154579 vehicles, with a year-on-year growth of 154.76%; in terms of fuel vehicles, BYD's sales volume in June 2021 was 9649 vehicles. 1-6 Cumulative monthly sales were 92110 units.

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With the rapid growth of new energy sources, BYD is bound to find new places to settle down and increase its production capacity. However, it is not new for local governments to invest in new energy car-making enterprises. Hefei City's investment in NIO Automobile is a classic example. As we all know, NIO Automobile, one of the new forces in car-building, was on the verge of delisting several times before it was supported by Hefei City. After obtaining 7 billion yuan investment from Hefei at the critical moment, NIO settled in Hefei in China, and since then the sales volume and financing process of NIO Automobile also stepped to a new level. It can be said that without Hefei, there would be no current Wei Lai. Li Bin once said: "Hefei let Wei Lai out of ICU, not only gave us funds, but more importantly gave us confidence", and Hefei also made a big profit because of the rise of Wei Lai Automobile, and gained the title of "the most cattle venture capital institution". Yu Aihua, member of the Standing Committee of Anhui Provincial Party Committee and secretary of Hefei Municipal Party Committee, once said in an interview with CCTV that "Hefei City has really made a lot of money in investing in NIO."

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According to previous media reports, the development goal of new energy automobile industry in Anhui Province is to cultivate 3-5 new energy automobile enterprises with important influence and a batch of key supporting enterprises with global competitiveness from 2021 to 2023, with more than 10 well-known brands in the industry, so as to build a world-class new energy automobile and intelligent network automobile industry cluster. According to the official data of Anhui Province, at present, Anhui Province has new energy passenger vehicle production enterprise cluster represented by Jianghuai Automobile and Chery Automobile; new energy bus production enterprise cluster represented by Ankai Bus; new energy special vehicle production enterprise cluster represented by Wuhu Baoqi Automobile; Power battery and system enterprise cluster represented by Hefei Guoxuan High-tech, Zhongyanhong Sifang Lithium Battery, Hefei Huating Power, etc., and BYD's participation will bring continuous impetus to the development of new energy automobile industry in Hefei. A previous plan to introduce zero-run cars failed.

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Earlier, it was reported that the State-owned Assets Supervision and Administration Commission of Anhui Province was in contact with Xiaomi Automobile and intended to introduce Xiaomi Automobile into Hefei. In addition, the news also said that Jianghuai automobile or Xiaomi automobile OEM, the first model is likely to focus on the market below 200,000 yuan, and will layout electricity exchange business. However, the SASAC of Anhui Province later denied that it was "in contact with Xiaomi" and said,"I don't know about this, I don't know where the news came from." Jianghuai Automobile also issued a clarification announcement: After verification by the company, Jianghuai or Xiaomi OEM report content is not true. So far, the company has not discussed with Xiaomi on cooperation to build cars, nor has it reached any intention to cooperate to build cars. However, with Wei Lai, Wei Ma, Volkswagen and other giants have "settled" Hefei, plus BYD settled in Hefei, Hefei will also become China's "new energy vehicle capital".

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