Hefei BYD's annual production capacity of 400000 vehicles has been put on record or construction will start at the end of August.

Published: Aug 4, 2021 16:22
[Hefei BYD's annual production capacity of 400000 vehicles has been put on record or construction will start at the end of August] Hefei BYD Automobile Co., Ltd. has completed the filing of the high-end core parts project of new energy vehicles. After completion, the project has the production capacity of 400000 high-end core components of new energy vehicles, and the project may start construction by the end of August.

A few days ago, it was learned from relevant sources that the high-end core parts project of New Energy vehicles of Hefei BYD Automobile Co., Ltd. has been put on record. After the project is completed, it will have the production capacity of 400000 high-end core components of new energy vehicles. The project may start construction at the end of August.

According to previous reports, the project is a key project for the local area, with a general volume of "4426", that is, "annual production of 400000 vehicles, 4000 mu of land and 2.6 million square meters of building area", which can bring high benefits of "553". That is, "achieve an annual output value of 50 billion yuan, drive 50,000 people to employment, and reach 300000 yuan in tax revenue per mu".

According to the latest announcement, the land is about 3918 mu, 26 new factories, 3 fire pumps and underground pools, 2 comprehensive stations, oil depots, 110KV power stations, departure greenhouses, shipping centers, 2 dangerous and waste warehouses, 2 dangerous chemical warehouses, 2 waste warehouses, 2 logistics centers, comprehensive office buildings, 3 canteens, 4 gatekeepers, recruitment centers, garbage stations, 26 shift buildings, wastewater treatment areas, etc., totaling about 2.3 million square meters.

New production technology of core components such as motor, electronic control, high voltage wire harness and electric assembly, engine assembly, engine cylinder block, brake assembly, public power equipment and piping in the factory building, purchase assembly line, press, welding machine and other equipment, after the completion of the project, it will have the production capacity of 400000 high-end core components of new energy vehicles. 400000 core supporting parts.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Copper Scrap Market Sees Supply Tightness and High Premiums Amid Regulatory Challenges
9 hours ago
Copper Scrap Market Sees Supply Tightness and High Premiums Amid Regulatory Challenges
Read More
Copper Scrap Market Sees Supply Tightness and High Premiums Amid Regulatory Challenges
Copper Scrap Market Sees Supply Tightness and High Premiums Amid Regulatory Challenges
During the week of July 20-23, the copper scrap market operated under a threefold backdrop: low copper cathode inventory and high premiums, continued compliance restrictions from reverse invoicing, and a deepening high-temperature off-season. The SHFE copper closing price at 11:30 surged from 104,180 yuan/mt to 106,340 yuan/mt, then pulled back slightly to 106,170 yuan/mt by the end of the week
9 hours ago
Copper Price Surge Widens Price Difference Between Copper Cathode and Copper Scrap; Supply-Side Point-Price Shipments Increase, Arbitrage Purchases Dominate Transactions [SMM Analysis]
11 hours ago
Copper Price Surge Widens Price Difference Between Copper Cathode and Copper Scrap; Supply-Side Point-Price Shipments Increase, Arbitrage Purchases Dominate Transactions [SMM Analysis]
Read More
Copper Price Surge Widens Price Difference Between Copper Cathode and Copper Scrap; Supply-Side Point-Price Shipments Increase, Arbitrage Purchases Dominate Transactions [SMM Analysis]
Copper Price Surge Widens Price Difference Between Copper Cathode and Copper Scrap; Supply-Side Point-Price Shipments Increase, Arbitrage Purchases Dominate Transactions [SMM Analysis]
[SMM Analysis: Soaring Copper Prices Widen Price Difference Between Copper Cathode and Copper Scrap; Increased Spot Shipments from Suppliers, Arbitrage Purchases Dominate Transactions] This week (7/20-7/23), the copper scrap market operated under a triple framework of low copper cathode inventory and high premiums, ongoing compliance constraints from reverse invoicing, and a deepening high-temperature off-season. The SHFE copper closing price at 11:30 surged from 104,180 yuan/mt to 106,340 yuan/mt, before pulling back slightly to 106,170 yuan/mt at the end of the week, with a weekly gain of over 2,000 yuan/mt. Driven by the unilateral rise in copper cathode prices and the resilience of copper scrap in holding prices firm, the price difference between copper cathode and copper scrap expanded from 3,218 yuan/mt to 4,545 yuan/mt, briefly reaching a high of 4,800 yuan/mt during the week. The inherent price resilience of copper scrap was the core feature of the supply side this week.....
11 hours ago
Midea Air Conditioning Abandons Traditional Cold Year Opening for Retail-Focused Strategy in 2027
Jul 25, 2026 21:39
Midea Air Conditioning Abandons Traditional Cold Year Opening for Retail-Focused Strategy in 2027
Read More
Midea Air Conditioning Abandons Traditional Cold Year Opening for Retail-Focused Strategy in 2027
Midea Air Conditioning Abandons Traditional Cold Year Opening for Retail-Focused Strategy in 2027
According to Yingketong, Midea Air Conditioning officially announced in July 2026 that it will no longer initiate the traditional Cold Year Opening for the 2027 new cooling year, instead fully committing to a new strategy of “battling for retail and competing for end-users.” This decision marks a temporary halt to the near three-decade-old model of “collecting payments in the off-season and chasing volume in the peak season” within the air conditioning industry. The “Cold Year Opening” is a unique business rhythm in the air conditioning sector. Typically, starting from H2 (from July/August to October/November), producers hold openings in batches through policy incentives to attract channel merchants to make advance payments and stockpile goods. Then, in H1 of the following year, they concentrate shipments through various large-scale sales promotions, creating a cycle of “pushing inventory in the off-season and chasing volume in the peak season.” The specific measures for Midea Air Conditioning’s cancellation of the new Cold Year Opening include: no longer holding opening meetings that involve centralized channel payments, policy lock-in, and large-scale stockpiling; abolishing the practice of “mandatory advance payments to lock in annual policies”; and shifting to terminal replenishment based on actual demand, with full-cycle normalized policies implemented.
Jul 25, 2026 21:39
Hefei BYD's annual production capacity of 400000 vehicles has been put on record or construction will start at the end of August. - Shanghai Metals Market (SMM)