Miracle Automation Signed an NEV Supply Project of 106 Million Yuan with BYD

Published: Aug 25, 2021 14:39

Save

Miracle Automation announced on August 24 that the company recently received a notice confirming it as the supplier for the “first-line assembly line" of Changsha BYD Automobile Co., Ltd.

SHANGHAI, Aug 25 (SMM) - Miracle Automation announced on August 24 that the company recently received a notice confirming it as the supplier for the “first-line assembly line" of Changsha BYD Automobile Co., Ltd. (hereinafter referred to as "Changsha BYD"). The project value is RMB 106 million, and the delivery date is March 31, 2022.

Changsha BYD is a wholly-owned subsidiary of BYD Group and one of the most strategically significant new energy vehicle production bases of BYD Group. In 2021, Miracle Automation has signed similar business orders valued a total of 12.73 million yuan with BYD Group subsidiaries.

According Miracle Automation, it still has a large number of new energy vehicle projects under negotiation. About 60%-80% of its original production lines are expected to be transformed to meet the production requirements of NEVs. At the same time, the company will give full play to its advantages in the industrial Internet to help auto companies improve the intelligence of their production lines.

Benefiting from the development of the domestic new energy automobile industry, the strong demand for power battery materials drove the prices of cobalt and lithium to rise. Miracle Golden Tiger Cobalt and Miracle Lithium, the core subsidiaries of Miracle Automation’s power battery recycling and utilisation business, achieved a significant increase in the profits in H1 2021, and the value of new orders totalled 545 million yuan.

new energy vehicle

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 to learn 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

17 hours ago

In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.

According to the latest data from the Passenger Car Association, in December 2025, producers with new energy wholesale sales exceeding 10,000 units accounted for 93% of the total wholesale sales of passenger NEVs that month. Based on preliminary January data, these producers achieved sales of 830,000 units in January. As most producers have already locked in their major sales figures, by applying the structural proportion from the previous month to the current month's data, the estimated wholesale sales of passenger NEVs nationwide in January were 900,000 units. According to comprehensive preliminary monthly association data: the estimated wholesale sales of NEVs by national passenger car producers in January 2026 were 900,000 units, up 1% YoY.

17 hours ago

CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.

据中国汽车工业协会整理的海关总署数据显示，2025年12月，汽车整车进口3.0万辆，环比下降30.4%，同比下降56.1%；进口金额14.7亿美元，环比下降23.6%，同比下降52.5%。2025年，汽车整车进口47.6万辆，同比下降32.4%；进口金额236.4亿美元，同比下降39.7%。

17 hours ago

Canada Announces New EV Strategy, to Collaborate with China

According to CCTV News, on February 5, Canadian Prime Minister Mark Carney announced a new electric vehicle strategy, including the reinstatement of car purchase subsidies, and stated that Canada will cooperate with China to promote the local production and export of EVs in Canada. According to a statement released by the Prime Minister's Office of Canada, the country will make full use of existing and newly established trade agreements, including a recently reached EV cooperation agreement with China, to facilitate large-scale investment in this sector, diversify Canada’s automotive export markets, and position Canada as one of the global leaders in the electric vehicle industry.

17 hours ago