BYD Solar Cell Project Broke Ground in Shangluo City

2008 December 10th, BYD Solar Cell Project broke ground in Shangluo City.

The investment agreement was signed on October 30th, and the total investment will be 2.5 billion RMB.

The investment for the first phase project is 500 million RMB, and will be completed in one year. Then BYD will have 100MW solar cell production capacity.

BYD Company invested in solar cell production in Shangluo, Shanxi province, China

BYD Company signed solar cell production and other project investment agreement with Shangluo City government on October 29th 2008. And first phase project investment is 2.5 billion CNY. BYD expects to produce solar cells and lithium battery materials worth RMB 2 billion through the completion of phase one, said the report.

BYD Company Limited (1211.HK) is an operator of IT parts and automotive businesses.