BEIJING (Reuters) – Chinese electric vehicle giant BYD plans to build the fourth phase of its industrial park in southern China’s Shenzhen-Shanwei Cooperation Zone, the Shenzhen government said on Tuesday.
The industrial park is projected to generate an annual output value exceeding 200 billion yuan ($27.63 billion) once both the third and fourth phases reach full operational capacity, the government said in a post on its official WeChat account.
($1 = 7.2394 Chinese yuan renminbi)
(Reporting by Ethan Wang, Yukun Zhang and Brenda Goh; Editing by Andrew Heavens)
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