BYD(WKN: A0M4W9)- Stock It has actually fallen in the last couple of weeks which might be because of Warren Buffett selling and still really high worth. In addition, the image of the world economy is presently degrading.
1. BYD is buying a brand-new battery factory
However, the business continues to grow. In Nanning (Guangxi province) is presently beginning the building and construction of a brand-new battery factory. When finished, it will have a yearly capability of 15 gigawatt hours. The overall financial investment is around 8 billion Chinese Yuan (1.14 billion euros).
BYD presently generally produces iron-phosphate batteries, the majority of which it utilizes for the production of its electrical vehicle. The group is the 2nd biggest battery maker in China after CATL.
2. Shenzhen New Project
In its 4th commercial park in Shenzhen, BYD has actually begun the building of a brand-new job worth 20 billion Chinese yuan (2.86 billion euros). It is set up to be finished by July 30, 2023, producing elements for electrical and hybrid automobiles and reaching a yearly worth of approximately 100 billion Chinese yuan.
3. BYD puts the chip assembly line into operation
A subsidiary of BYD Semiconductor wishes to put a brand-new chip assembly line into operation in October 2022 in Changsha (Hunan province). It has a yearly capability of as much as 500,000 vehicle chips.
According to Chinese media reports, on September 5, 2022, BYD Semiconductor in Changsha has actually finished the setup of the assembly line and began pre-production. The business imported the most essential equipment worth 890 million Chinese Yuan (12733 million euros).
After the corona crisis, there was a lack of chips, which now wishes to make up for the bigger production.
At the start of 2022, BYD developed such a plant in Jinan (Shandong province). It can produce as much as 360,000 loaves of bread every year.
BYD still owns 72.3% of its subsidiary Chip, which it established in October 2004.
4. E-sports vehicle under advancement
Chinese blog writers have actually published images of a brand-new BYD cars that they state might cost around 2 million Chinese Yuan ($300,000). The group itself has up until now just revealed the launch of a brand-new premium brand name.
Accordingly, he wishes to release the brand name and logo design in the 3rd quarter of 2022 and provide the design of the off-road vehicle in the 4th quarter of2022 The rate needs to be in between 0.8 and 1.5 million Chinese yuan (114,451 and 214,595 euros).
BYD presently produces mass-produced cars. Now it appears like the business likewise wishes to win the premium section.
From January to August 2022, it offered 978,795 electrical and hybrid lorries, up 377.3% year-on-year.
Item BYD Park: 4 fascinating news appeared very first Motley Fool Germany
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Christof Welzel does not own any of the shares pointed out. The Motley Fool owns the stock and suggests BYD.
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