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BYD Plans to Invest RMB20B in Shenzhen Production Base to Build Global R&D Hub
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BYD released an updated planning map for its Shenzhen automobile production base, revealing a total investment of RMB20 billion. The base currently spans 660,000 square meters, with plans for future expansion to 1.32 million square meters. The facility will house 11 major research institutes, including the Automotive Engineering Research Institute, the Product Planning and New Automotive Technology Research Institute, and the Basic Science Research Institute, among others. Additionally, the site will feature 300,000 square meters of talent-support apartments, designed to create a forward-looking, technology-driven workplace. Located in the Maluan Subdistrict of Shenzhen’s Pingshan District, the production base is situated at the intersection of BYD Road and Longping Road, designated as industrial land. AAStocks Financial News |
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