"The state-owned media organization China Daily reported in May that BYD planned to add 20,000 employees in the first quarter of the year, with the company employing around 60,000 workers in Zhengzhou as of February. Satellite imagery provided by Vantor and Planet Images suggests the Zhengzhou factory has more than doubled in size since July 2023, now dwarfing Tesla's largest factory in Austin."
"Between August and October, the Tesla rival received conditional environmental approval for several new construction projects, according to government documents viewed by Business Insider. These included a battery production line expansion built by BYD's subsidiary Zhengzhou Fudi Battery Co, a mold production line, and a new battery protection plate production line that a planning document said would cost around $16 million and produce battery protection plates for 4.7 million vehicles a year."
BYD has rapidly expanded its Zhengzhou megafactory since breaking ground in late 2021 and starting production in April 2023. The site produced about 545,000 units last year, roughly one vehicle per minute, and satellite imagery indicates the footprint more than doubled since July 2023. BYD employed around 60,000 workers in Zhengzhou as of February and planned to add 20,000 more in the first quarter. Recent approvals cover new battery production, mold lines, and a battery protection plate line costing about $16 million to produce parts for 4.7 million vehicles annually. The site now includes amenities such as a racing circuit and wade pool.
Read at Business Insider
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