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BYD's Jinan base, which produced over 360,000 NEVs in 2024, is adding a smart vehicle parts industrial base (investment 5 billion yuan) and plans to start construction on semiconductor chip and battery production projects by end of 2025.
“The BYD smart vehicle parts industrial base, with an investment of 5 billion yuan, is one of the supporting projects, and its main factory is expected to begin operating once construction is completed.”govt.chinadaily.com.cn
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