AutoBeta(AutoBeta.net)03/01 Report--

Guangzhou Guangzhou BYD New Energy bus Co., Ltd. issued a "holiday notice" internally on February 28, saying that from March 1, 2019 to May 31, 2019, the front-line employees of Guangzhou Automobile BYD's production department, quality department and planning department will sometimes have a holiday of up to three months, and can participate voluntarily if other factories need to take part in the holiday period. GAC BYD's explanation of this incident is the company's off-season adjustment.

It is understood that BYD Automobile Company and Guangzhou Automobile Group Co., Ltd. jointly funded the establishment of Guangzhou Guangzhou Automobile BYD New Energy bus Co., Ltd., with a registered capital of 300 million yuan, of which BYD holds 51% and GAC GROUP 49%.

At present, Guangdong Province is promoting bus electrification, and Guangzhou Automobile BYD has also benefited from this. According to official statistics, GAC BYD sold 5046 vehicles in 2018, an increase of 222.02 per cent over the same period last year. In 2019, under the plan of Guangdong Province's "Guangdong wins the Blue Sky Defense War 2018 work Plan", GAC BYD will push its products to the Pearl River Delta region more quickly and achieve greater development.

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