BYD's sales have grown steadily, and its production capacity has remained stable, a source close to the company told CnEVPost.
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Category: BYD Plant
BYD has slowed production and expansion in recent months, reducing shifts at some of its Chinese factories and delaying plans for new production lines, Reuters reported.
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The first phase of the plant is expected to start production in the fourth quarter of this year, with a planned annual capacity of 10,000 units.
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Chinese authorities are concerned that Mexico would gain unrestricted access to BYD's advanced technology and may even possibly allow the US access to it, according to the Financial Times.
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BYD is considering setting up its third European car assembly plant in Germany as it looks to build brand awareness among European customers as a local manufacturer, according to Reuters.
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BYD's Indonesia plant has a planned annual capacity of 150,000 units, with long-term plans for the export market.
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BYD's Xi'an plant has four assembly lines in production at the same time, with output reaching 4,000 to 4,400 vehicles per day.
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The Thai seat plant is the first overseas factory built jointly by BYD and Forvia, which together have set up seven plants in China.
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BYD's Turkish plant has a planned annual capacity of 150,000 vehicles, and the signing was witnessed by the Turkish president.
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The industrial park, which is adjacent to the Xiaomo Port, has already put into production the first phase of components and the second phase of vehicles.
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