Report: BYD Acquires 2 New Energy Industry Plot in SZ-Shantou Special Cooperation Zone, Involving ~RMB200M

　　Guandian.com reported that a subsidiary of BYD COMPANY (01211.HK) -5.600 (-2.420%) Short selling $276.16M; Ratio 26.232% (002594.SZ) -5.510 (-2.212%) has successfully bid for 2 new energy industry sites in the Shenzhen-Shantou Special Cooperation Zone, with a total transaction price of RMB196 million. The land will be used for the construction of the second phase of the Shenzhen-Shantou BYD Automobile Industrial Park, involving the production lines for airbags, sunroofs, frames and other components. This will further ensure the localisation of BYD's new energy automobile core components and key technologies, and improve the new energy automobile industrial chain in Shenzhen and Shantou.

　　It is learnt that the second phase of the Industrial Park is located in Xiaomo and Ebu districts, with a total investment of RMB20 billion to build a new energy vehicle manufacturing and core parts production base. At present, the Xiaomo West plant has achieved single-shift production, while construction for the Xiaomo East and Ebu plants is accelerating.

　　In addition, the first phase of the Industrial Park is a new energy automobile parts and components industry project, which has achieved full production. The construction contract for the Industrial Park's third phase has recently been signed, which included a battery pack production line and a new energy automobile core parts plant.

　　The two sites acquired by BYD have land areas of about 177,900 square metres and 243,000 square metres, and a gross floor area of around 355,800 square metres and 486,000 square metres respectively. Their final bidding prices were RMB72 million and RMB124 million respectively.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 16:25.) (A Shares quote is delayed for at least 15 mins.)