【BYD to Build World-Class ESS Center in Shengzhou】At the BYD Americas Business Conference held in Shengzhou, Zhejiang, BYD announced its plan to build a world-class energy storage system (ESS) center in Shengzhou, aiming to achieve breakthroughs in the new energy industry. On June 14, 2022, BYD's new energy power battery project, with a total investment of 13 billion yuan, commenced operations in Shengzhou. It was BYD's largest single investment and fastest-constructed project in Zhejiang. Phase I of the project generated over 10 billion yuan in revenue in 2023 and created employment opportunities for over 10,000 people. Due to the favorable business environment, BYD's Phase II and Phase III projects "commenced construction immediately upon land acquisition" and are expected to commence operations in 2025. Upon full operation, the total investment will exceed 25 billion yuan, and the output value will surpass 30 billion yuan.