By Greg Gao

China’s EV giant BYD has officially put into production its fifth vehicle manufacturing plant in Fuzhou, southeastern China’s Jiangxi Province, on April 15.

The plant, Fuzhou BYD Industrial, has a designed production capacity of 200,000 vehicles per year.

The plant was established on September 8, 2021. covering an area of about 2 million square meters and the total investment amounts to RMB15 billion ($2.35 billion). It manufactures auto parts, power batteries, and is mainly responsible for producing Yuan, e2, e3, EQ and other models. 

According to BYD’s production schedule, the first car of the base rolled off the production line at the end of March this year. With mass production to have started,  it will produce more than 200,000 vehicles a year, achieve revenue of RMB20 billion ($3.1 billion), and create about 12,000 jobs.

So far BYD has major vehicle manufacturing bases in Shenzhen, Changsha, Xi’an, Changzhou and Fuzhou. BYD’s current annual production capacity has reached 1.3 million vehicles. With the newly opened Fuzhou base, there will an additional capacity of 2.1 million vehicles and BYD will achieve a production capacity of 3.4 million vehicles per year, by the year end.

BYD established Fuzhou Fudi Battery last December with RMB8 billion ($1. 25 billion) investment in Fuzhou High-tech Zone to build an EV power battery project with an annual output of 15GWh. The company will provide power batteries for EVs manufactured in Fuzhou.