BYD established a new company in Shenzhen with business scope including electronic component manufacturing, etc.

According to Xinchao information, on September 9, Shenzhen BYD Automobile Industry Co., Ltd. was established with a registered capital of 50 million yuan. The legal representative is Luo Hongbin. The business scope includes the manufacturing of auto parts and accessories; the research and development of new material technology; and the manufacturing of electronic components; Manufacturing of Internet of Things equipment; sales of production and testing equipment for new energy vehicles, etc.