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Hefei BYD’s first complete car off the line: A Total Investment of 15 Billion Yuan in the First Phase of the Base Project

At 7:08 a.m. on June 30, BYD Hefei base project vehicle off-line ceremony was held in Xiaotang Town, Changfeng County, marking an important milestone step for Anhui’s new energy vehicle industry. In July last year, BYD and Hefei “hit it off”, the first phase of the project from negotiations to signing only 23 days, the signing to the start of construction only 42 days, from the signing to the vehicle off-line, refreshing the “Hefei speed”, for Hefei to build new energy with international influence Hefei as the capital of new energy vehicles with international influence.

This is a miracle created by BYD’s seizure of opportunities and bold innovation and is also a microcosm of the overall optimization of the business environment in our province.

Since this year, provinces, cities and counties have been scheduling the progress of projects and solving reasonable demands of enterprises, and the city and county economic work teams have been grasping epidemic prevention and stabilizing the economy with great strength, practical measures and fast pace. Changfeng County actively overcome the impact of the epidemic, adhere to the “major projects focus on security”, accelerate the construction of the project supporting road network, and constantly improve industrial support, improve the quality of the urban environment, and do their best to guarantee the elements.

The reporter learned from the scene, BYD Hefei base project production model is currently the best-selling Qin PLUS DM-i, in addition to the vehicle, the core components, such as engines, motors and assemblies, are produced in Hefei base. The first phase of BYD Hefei base project has a total investment of 15 billion yuan, and the project can achieve an annual output value of more than 50 billion yuan when it reaches production, which is expected to drive the total output value of the upstream and downstream industrial chain to 100 billion yuan, and is planned to continuously increase investment.

The new energy automobile industry has a far-reaching impact on national economic development and ecological civilization construction. At present, Anhui new energy vehicle manufacturing and automotive electronics, power batteries and other key components are closely integrated, initially forming a new energy vehicle industry cluster with Anhui characteristics, BYD Hefei base project is a prominent representative of the vigorous development of the new energy vehicle industry in Anhui. Hefei new energy vehicle industry has gathered 305 enterprises, including BYD, Azera, Volkswagen (Anhui), JAC Motors, Hefei Changan, Ankai Automobile, 6 vehicle manufacturing enterprises, and key supporting enterprises such as Guoxuan Hi-Tech, China Innovation Aviation, Juyi Technology, etc., forming a complete industry chain covering upstream, midstream and downstream. 2021, Hefei new energy vehicle industry achieved revenue of 102.95 billion yuan, with an output of 145,000 vehicles. The output will be 145,000 vehicles.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

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