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China’s NEV industry remains on fast track

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At the Shuijiahu freight station in east China’s Anhui Province, a batch of newly manufactured new energy vehicles (NEVs) from the BYD Hefei base were slowly entering the carriage, ready to be delivered to regions across China. So far, over 78,000 BYD NEVs have been sent from this station.

Dozens of kilometers away, Joyson safety system (Anhui) Co., Ltd., one of BYD’s important suppliers is busy producing intelligent steering-wheels and airbags. “We built factories here because it’s relatively close to the major vehicle plants including JAC, Chery, Volkswagen Anhui and BYD,” said Zhang Huawei, head of the company, adding that the output value of this company is expected to exceed 600 million yuan in 2024.—Xinhua

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