BYD’s head office in Shenzhen, situated in the southern Chinese province of Guangdong. Credit: BYD in a current regulative filing is seen to be preparing a 35.6 million square feet worldwide research study and advancement center in the southern Chinese city of Shenzhen, where the automobile giant is headquartered, as part of the business’s newest push to drive tech development. The center is to be situated about 8 kilometers (5 miles) north of its head office in the city’s Pingshan district, covering a location of 3.3 million square meters (35.6 million square feet). It will consist of 9 structures and consist of parking area for 20,000 automobiles and 8,054 non-motorized automobiles, according to a filing released by the Shenzhen Municipal Planning and Natural Resources Bureau on Sept. 4. The disclosure was exposed a year after China’s leading electrical car maker revealed the building and construction of its international R&D center, which will cost RMB 20 billion ($2.8 billion) and home 60,000 engineers, the local government stated in a declaration last June. The center will likewise consist of more than 50 research study laboratories for emerging innovations such as nanoscale photonic physics and the advancement of high polymer products. BYD has actually been increase its R&D efforts to intensify its innovation offerings over current years and has actually promised to invest RMB 100 billion in lorry automation innovations over the long term. It broadened its software application engineering group by more than 4,000 workers last May, according to senior vice president Stella Li, and over 80% of the 31,800 fresh graduates hired in 2015 have actually dealt with R&D tasks, TechNode reported. The business revealed on Friday that it now has the biggest R&D group in the market, as almost 110,000 out of its around 900,000 staff members are researchers and engineers, Li Yunfei, a basic supervisor for branding and public relations, stated on microblogging platform Weibo. Year-to-date sales of its traveler EVs, consisting of all-electrics and plug-in hybrids, grew 29.4% year-on-year to 2.3 million systems since August. LEARNT MORE: BYD starts constructing a $2.9 billion commercial center in Shenzhen Jill Shen is Shanghai-based innovation press reporter. She covers Chinese movement, self-governing automobiles, and electrical cars and trucks. Get in touch with her through email: jill.shen@technode.com or Twitter: @jill_shen_sh More by Jill Shen
China’s BYD develops $2.8 billion worldwide R&D center, filing states
