After the successful acquisition of the US Sanxiang Bus and stockholder Buffett funds, BYD announced that it will build an engine plant in Xi'an. After the implementation of the engine plant project, BYD will build a 600,000 engine production base. This is the second engine production line of BYD after the production of 100,000 engines in Shenzhen last February.
According to informed sources, the new engine plant is mainly to prepare BYD for new models. In the first half of the year, BYD Auto Co., Ltd. (parametric model picture torture) achieved a significant increase in sales on a 100%-high growth rate for five consecutive years. Sales volume increased rapidly by 176% year-on-year and was nearly 110% higher than the growth rate of the industry, becoming the first-half domestic growth. The fastest car brand.
In the second half of the year, according to BYD's new car promotion plan, BYD will launch four new models of G3, L3, S6 and M6 in addition to the already listed S8 leisure coupe. It is reported that BYD G series vanguard, high-end boutique mid-size car G3 will be the first listed in the near future.
Analysts believe that BYD’s current sales momentum for each model is very strong. The construction of Xi'an Engine Factory can solve the problem of insufficient engine supply. BYD's follow-up of Other new models may also be accelerated due to the construction of BYD's second engine production line.
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