BYD Qingdao factory to make 5,000 electric buses annually
By Du Xiaoying in Beijing and Xie Chuanjiao in Qingdao, Shandong | China Daily | Updated: 2016-06-18 07:43
Chinese electric-car maker BYD Co Ltd's new commercial vehicle factory in Qingdao, Shandong province, started production on Thursday. The facility is expected to manufacture up to 5,000 electric buses annually worth 10 billion yuan ($1.5 billion).
"We will deliver more new-energy buses and our operational experience to Qingdao," said BYD Chairman and CEO Wang Chuanfu.
"Meanwhile, we will continue to increase the capacity of the manufacturing base, from 1,000 units of electric buses in the beginning, to 5,000 units eventually," Wang added.
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