BYD Electronics (00285) opened nearly 3% higher, and as of the submission of this report, it has risen by 2.75%, priced at HK$35.5, with a transaction volume of HK$10.0022 million.
According to the Zhitong Finance App, BYD Electronics (00285) opened nearly 3% higher, and as of the submission of this report, it has risen by 2.75%, priced at HK$35.5, with a transaction volume of HK$10.0022 million.
According to news from the Changsha Business official WeChat, the second phase of BYD Electronics in Changsha officially commenced production on the morning of November 30, with an estimated annual production capacity for smart terminals of 10 million units. Changsha BYD Electronics is a professional electrical components services supplier under BYD Company, established in 2019 in Wangcheng.
It is reported that on September 9, 2019, the first phase of Changsha BYD Electronics was officially put into production in Wangcheng. Since its commencement, it has achieved an output value of over 10 billion yuan for five consecutive years, and in 2023, the annual production of smart phones reached 12 million units. On July 8, 2024, the second phase of Changsha BYD Electronics was signed at BYD's headquarters in Shenzhen. The total investment for the second phase is 1 billion yuan, which will lease 88,000 square meters of high-standard factory space in the 5G smart terminal industrial park to build a production base for high-end smart phones and other terminal products. Once fully operational, it will add an annual production capacity of over 10 million units of smart terminals, with an annual output value exceeding 10 billion yuan.