Chinese automaker BYD is completing a grandiose factory in Zhengzhou, which will cover an area of 130 square kilometers – more than San Francisco, Paris, or Barcelona. This will be the world's largest complex for the production of electric vehicles and batteries. This is reported by Deepnewz, writes UNN.
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The project envisages not only industrial facilities but also residential areas, shopping centers, and recreation zones – in fact, the creation of a full-fledged "factory city." The enterprise plans to produce up to one million electric cars annually.
In addition, BYD acquired more than 80 hectares of land in Xi'an for $52 million to build a new battery factory. The company also launched its sixth car carrier, BYD Xi'an, which can transport more than 9,200 cars and will soon embark on its first voyage.
Large-scale investments confirm BYD's desire to strengthen its position as a global leader in electric car production, surpassing even Tesla in terms of expansion.