BYD Co., Ltd. (OTC:BYDDY) has reportedly inked an agreement with the authorities of the Shen-Shan Special Cooperation Zone to develop the third phase of its industrial park.
The project, costing RMB6.5 billion ($893.77 million), will focus on constructing battery-pack production lines and a core parts factory for new energy vehicles (NEVs), reported CnEV Post.
Established in February 2011, the Shen-Shan Special Cooperation Zone operates as a Shenzhen enclave, originally under Shanwei city in Guangdong province but now administered by the Shenzhen municipal government.
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