China, Jan.17 – BYD (“BYD” or the “Company”, NYSE: BYDDF) currently has eight factories planned, three of which are already in operation and five will be put into operation in 2022, with a planned annual production capacity of 3-3.5 million per year.
Three factories already in operation:
Shenzhen
- Models produced：BYD Han+BYD Tang+BYD E6
- Production capacity：30,000 units per month in 2022
Xian
- Models produced: BYD Qin + BYD Song
- Production capacity: 56,000-60,000 units in 2022.
- Responsible for the development of complete vehicle grinding tools and the production of blade batteries used in hybrid models in the future.
Changsha
- Models produced：BYD Dolphin + BYD Yuan Pro + BYD E2
- Production capacity: 23,000-30,000 units in 2022.
Five factories coming into operation:
Chengzhou
- Time：It will be put into production in January 22
- Models produced：BYD Yuan Plus + BYD Seals + BYD Sea Lions
- Production capacity：20,000 units/month
Fuzhou
- Time：Expected to be put into operation in April 22
- Models produced：Undetermined
- Production capacity：20,000 units/month
Verde battery production plant:
Hefei
- Time：Expected to be put into operation in June 22
- Models produced：Undetermined, but there will be production tasks for auto parts.
- Production capacity：40,000 units/month
Jinan
- Time：Expected to be put into operation in August 22
- Models produced：Undetermined, it is reported that in addition to vehicle manufacturing, the Jinan plant is also responsible for the production of lithium batteries, IGBTs, and other core components of the vehicle.
- Production capacity：20,000 units/month
Zhengzhou
- Time：Expected to be put into operation in October 22
- Models produced：Undetermined, but there will be production tasks for auto parts.
- Production capacity：20,000 units/month
BYD’s sales target for 2022 will reach 1.5 million units, which is almost a doubling of sales compared to 2021, and BYD’s capacity plan will reach 3 million units by 2025 and 5 million units in the medium to long term.
