BYD plans to build a new commercial vehicle and parts production base in Huai’an after signing an agreement with the city government on Aug. 3.
BYD’s commercial vehicle and parts production project is targeted to generate RMB 15 billion ($2.2 billion) in sales when fully operational, according to cnevpost.
BYD, a new energy vehicle manufacturer in China, sold 162,530 NEV in July, comprising 162,214 passenger cars and 316 commercial vehicles.
From January to July, BYD sold a total of 3,509 new energy commercial vehicles, down 27 percent from 4,803 units in the same period last year.
The decline in sales of new energy commercial vehicles appears to be due to BYD prioritizing the production of new energy passenger vehicles.
To secure production of the DM-i model, BYD is shifting capacity from some of its commercial vehicle production lines, Auto Time reported on July 6.
BYD’s new energy commercial vehicles have been on the market since 2010. BYD’s electric buses are present in more than 70 countries and territories and 400 cities worldwide, including more than 20 countries and 100 cities in Europe.
BYD makes debut on Fortune Global 500 list in 2022 with six other Chinese automakers
