# BYD to build industrial park in Xiangyang for power battery and NEV parts

BYD signed an agreement with Xiangyang municipal government to build an industrial park for power battery and NEV component production. The first phase involves a 10 billion yuan investment for 30GWh annual capacity of battery cells and modules.

- Type: New facility
- Announced: 2022-01-27
- Where: Xiangyang, Hubei, China
- Value: $1.58B (10.0B CNY)
- Status: announced
- Capacity: 30 GWh per annum (first phase)
- Products: power battery cells, battery modules, NEV components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [BYD](https://endata.com/companies/9720.md)

## Sources

- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/byd-to-build-industrial-park-in-hubeis-xiangyang-for-power-battery-nev-parts-production-70019633), 2022-01-27: "We expect BYD to further strengthen its investment deployment in Hubei province, and step up the partnerships with local players in ICV and NEV industries."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.