BYD said August 26 it would produce electric buses in Changsha, Hunan Province, in its foray into the bus market.
A company official revealed the first electric bus will be rolled out by the end of the year if everything goes well. The first stage of the project will start in late September. BYD will produce the chassis at the same time.
BYD signed a cooperative agreement with Changsha Municipal Government July 25. According to the agreement, the automaker will set up its new production base there, which will have an annual production capacity of 400,000 units of buses and coaches.