# BYD to invest $894M in EV parts factory in Shenzhen

BYD signed an agreement to build a factory for core parts of new energy vehicles with a total investment of 6.5 billion yuan ($894.2 million) at its existing site in Shenzhen, China.

- Type: Expansion
- Announced: 2024-07-08
- Where: Shenzhen, China
- Value: $894.2M
- Status: announced
- Products: core parts for new energy vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/chinas-byd-plans-894-mln-ev-parts-project-state-media-says-2024-07-08/), 2024-07-08: "BYD has signed an agreement to build a factory for core parts of new energy vehicles with total investment of 6.5 billion yuan ($894.2 million)"

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