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Invest 15 billion! BYD’s new energy auto parts project settled in Xi’an!

On December 5, BYD’s new energy auto parts project signing and industrial park groundbreaking ceremony was held in Xi’an. The total planned investment of the project is 15 billion yuan. After the project is put into production, it will achieve an annual output value of about 70 billion yuan and is expected to be completed in 2024.

It is reported that the project occupies a total area of ​​about 2,890 acres, and it will mainly build an electric assembly factory, a motor factory, a precision center, a gear factory, an electric control factory, a power supply factory, a brake factory and other core parts production plants for new energy vehicles. It will be built as BYD Xi’an High-speed test track for R&D center.

Image source: Xi’an High-tech

In fact, BYD has a deep relationship with Xi’an, and its road to build cars originated from Xi’an. In 2003, BYD obtained a vehicle production license through the acquisition of the Qinchuan Automobile Plant in Xi’an, and officially settled in Xi’an High-tech Zone in the same year. Later, BYD High-tech Industrial Park, BYD Xi’an New Energy Industrial Base and BYD Shangluo Industrial Park were built in Xi’an. Relying on three major production bases, BYD Xi’an’s business spans the entire industry chain of passenger cars, commercial vehicles, electronics, auto finance, rail transit, and power batteries.

Wang Chuanfu, Chairman and President of BYD Co., Ltd. once said that Xi’an is the city with the most comprehensive layout and the widest business cooperation besides its headquarters in Shenzhen.

In terms of passenger vehicles, in January 2018, BYD’s second-phase expansion project for new energy passenger vehicles with a total investment of 2 billion yuan and an annual output of 300,000 vehicles has been launched. This year, the project to increase production by 300,000 new energy vehicles has begun, and will achieve the goal of producing 600,000 new energy vehicles per year.

In terms of power batteries, in September 2018, BYD’s 30GWh power battery project settled in Xi’an Industrial Park. At present, the battery factory has been put into operation in two phases. The planned production capacity of the first phase is 10GWh, which is all used for external supply and energy storage batteries, and has been put into production; the planned production capacity of the second phase is 20GWh, which will start construction in April this year, with a total investment of 12 billion yuan and planned construction of 3 DM-i dedicated power blade battery production line.

In addition, the high-end smart terminal industrial park project signed by BYD in early 2019 has also started construction.

After the above-mentioned three major projects are all in production and effective, it is estimated that the new output value will exceed 100 billion yuan.

On November 4 this year, the Xi’an Municipal Government issued the “Implementation Opinions on Accelerating the Promotion of the High-Quality Development of the New Energy Vehicle Industry”, which clearly pointed out that during the “14th Five-Year Plan” period, the number of new energy vehicles in the city’s newly registered vehicles continued to increase , And strive to reach about 500,000 new energy vehicles in the city by 2025.

At the commencement ceremony of the project, Wang Chuanfu introduced BYD’s development plan in Shaanxi. He said that Xi’an is a blessed place for innovation and entrepreneurship, with abundant resources such as talents and land, and obvious advantages in geographical location, transportation, and industrial clusters. Today’s signing and construction projects are milestones for BYD and Xi’an. BYD will use the project as a starting point to help Xi’an build an important new energy automobile city in the world, and help Shaanxi build a world-class, nationally leading new energy automobile industry cluster with Shaanxi characteristics.

Since the beginning of this year, with the help of blade batteries and DM-i super hybrid technology, BYD’s new energy vehicle sales have increased by 10,000 units month by month in the past 7 months. In November, it exceeded 90,000 units for the first time. The monthly production and sales of series and Song series models exceed 55,000 units. Xi’an BYD is expected to produce more than 400,000 cars in 2021, and its base property value will exceed 70 billion yuan, which will double the growth.

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