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BYD to build NEV factory in Wuha

BYD has announced that it will invest ¥3 billion ($480 million) into building an NEV factory in WUhan. It will be used to build their K-series and T-Series BEVs, according to a Zhongguo Qingnian Bao (“China Youth Daily”) report. The center will begin with annual production of 1000 BEV buses, and then set its sights on commercial trucks.

BYD has NEV factories in Shenzhen, Xi’an, Changsha and Nanjing. Their 2014 Q1 NEV sales were 3000 units, surpassing sales for the entire 2013 year.

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