Successive establishment of Zhengzhou and Fuzhou companies BYD passenger cars "crazy" to expand production capacity may reach 3 million units in 2025

The rumored BYD "Central Plains Project" has added a real hammer.

According to App, Zhengzhou BYD Automobile Co., Ltd. was established on September 22, with he Zhiqi as its legal representative, with a registered capital of 50 million yuan. Its business scope includes auto parts and accessories manufacturing, new energy vehicle sales, motor manufacturing, and so on.

It is worth noting that the address of the company is displayed as "2 / F, C9A Building, Smart Terminal Industrial Park, at the intersection of Donhai Road and Shuanghe first Street in Zhengzhou Airport District, Zhengzhou", which is consistent with the previous rumors that BYD "settled in Zhengzhou Airport Port area".

Although the location of the "Central Plains Project" is still in doubt, BYD is "frantically" expanding the territory of its new energy passenger cars in the face of the online target of producing 3 million vehicles a year by 2025.

The location of the project is still in doubt.

Rumors of BYD's "Central Plains project" were once rampant. According to this news, the project is located in Gangli Township and Dama Township, Weishi County, which is in charge of Zhengzhou Airport Port District, covering an area of about 5000 mu. With reference to the already clear BYD Hefei project, it is estimated that the whole vehicle production capacity of BYD's "Central Plains Project" can reach about 400000 vehicles.

Although the establishment of Zhengzhou BYD on September 22 confirmed the existence of the "Central Plains Project", there are still many doubts about the location of the project.

On August 3, the relevant departments of Weishi County decided to transfer four cases of the right to the use of state-owned construction land by listing, and put forward a clear industrial direction to the bidders in the listing document, that is, "the orientation of the parcel industry is the new energy and new energy automobile industry. After completion, the main forms of industry must be engaged in industries dominated by new energy and new energy automobile industry." At the same time, the total area of four pieces of land is about 2.73 million square meters, which is also the origin of the rumored "covers an area of about 5000 mu".

At that time, many people in the industry thought that the land was "tailor-made" for BYD, and on August 27, the relevant departments of Weishi County again issued a notice saying that "four plots of land were suspended for some reason." As for the reasons for suspending the listing, the reporter interviewed the relevant responsible personnel of Zhengzhou airport, but the other side did not respond; BYD also said that "no comment."

In fact, BYD has had frequent activities in Zhengzhou in the past month. On September 9, the people's Government of Henan Province signed a strategic cooperation agreement with BYD, according to the official website of the people's Government of Henan Province. Wang Chuanfu, chairman and president of BYD, said that BYD will further deepen bilateral cooperation in the auto parts industry, electronic parts industry, new energy vehicle promotion, optical storage integration, intelligent transportation and other areas.

On August 29, the Economic Development Bureau of Zhengzhou Airport Economic Comprehensive Experimental Zone (Bureau of Statistics) issued the Development Plan of Zhengzhou Airport Economic Comprehensive Experimental Zone during the 14th five-year Plan and the outline of long-term goals for the year 2015. among them, Shuanghe Lake Science and Technology City, which is involved in the "production-city integration development key project", is the location of the newly established Zhengzhou BYD company.

It is imperative to expand production.

Just two weeks before the establishment of Zhengzhou BYD, according to people familiar with the matter, BYD's factory in Changzhou, Jiangsu Province has entered the final stage and is expected to be off-line in October and formal production in November. The plant has an annual capacity of 200000 pure electric cars and will produce new "ocean series" cars based on e-platform 3.0, including seals, seagulls, sea lions and so on.

On the same day, Fuzhou BYD Industrial Co., Ltd. was established on September 8, with the same legal representative and registered capital as Zhengzhou BYD, which is he Zhiqi and 50 million yuan respectively. The company's business scope includes road motor vehicle production, road cargo transportation and so on. However, BYD officials did not disclose the details of the Fuzhou BYD project.

"it is recently rumored that the domestic production capacity of BYD passenger cars will reach 3 million by 2025 and 5 million in the medium and long term. Although BYD has not confirmed this, but the current lack of production capacity is a fact. " Some people in the industry said.

BYD revealed at a recent mid-year exchange meeting that the cumulative order volume this year may reach 900000 vehicles, but the company's delivery capacity this year can only reach 700000-750000 vehicles, and the current outstanding orders of 160000 vehicles will be postponed to next year. Based on current fundamentals, BYD believes that car delivery is expected to reach 1.5 million next year.

In order to meet the growing market demand, BYD was established in Hefei on July 12. According to the project filing information of the Development and Reform Commission of Changfeng County, Hefei City, BYD Hefei project has been completed for the record, with a total investment of 6 billion yuan and an annual production capacity of 400000 vehicles. In the future, it is mainly engaged in the manufacture of core products such as new energy battery batteries, modules and related supporting industries, and the project will start construction at the end of August.

According to BYD in response to investor inquiries in the middle of this year, its overall annual passenger car production capacity is now 600000 (including traditional fuel vehicles and new energy). Based on this calculation, there is no doubt that there is a huge gap in its production capacity. Under the trend of the vigorous development of the new energy vehicle market, it is imperative for BYD to stabilize its market position and expand production.