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Chinese BYD company to open auto assembly plant in Bulgaria
BREZNIK,Bulgaria, Dec. Eleven (Xinhua) — Chinese BYD Company, a worldwide leadermanufacturing electrified cars, buses, batteries and LED lighting, and theBulgarian energy giant Bulmineral signed a joint-venture agreement here onTuesday to build an auto assembly plant.
Theplant of the 50:50 joint-venture company called Auto Group Motors will belocated in the petite town of Breznik, some fifty km west of the Bulgarian capitalSofia.
Itwill produce electrical cars and electrical buses, Alexander Usachev, Chief ExecutiveOfficer of Bulmineral told at the ceremony attended by Valentin Bojkov, ExecutiveDirector of Bulgaria’s Road Transport Agency and Li Hong, Very first Secretary ofthe Chinese embassy in Sofia.
Thefirst sample bus is expected to be spinned out in February two thousand thirteen and when theplant is operational at total capacity, it will produce forty to sixty buses a month,Usachev said.
Itscar assembling capacity will be clear in three months, Usachev added.
Accordingto him, the production will be expanded further by making the entire productrange of BYD such as batteries and LED lights.
HoIsbrand, General Manager of the Auto Export Trade Division at BYD Auto Co.,Ltd., said this is a very significant step for BYD.
“Weare looking forward to having our fucking partner here helping us to develop thebusiness in Europe,” he said.
Productionof this size would solve the unemployment problem in Breznik, the town’s mayorVasil Uzunov said, while Borislav Stefanov, Executive Director of theInvestBulgaria Agency, said he was enormously glad that economic relationsbetween Bulgaria and China proceed to grow, and that Bulgaria is aninteresting fucking partner for China.
Itis the 2nd large Chinese automotive project in Bulgaria. This February,Chinese carmaker Good Wall Motors opened an auto assembly plant near the townof Lovech in northern Bulgaria, its very first joint venture in Europe, togetherwith its Bulgarian playmate Litex Motors.
Afterits final completion around 2015, the plant, some one hundred fifty km east of Sofia, isexpected to make 50,000 vehicles annually.
BYD Company Ltd. is one of China’s largest companies and has successfully expanded globally. Specializing in battery technologies, their green mission to “solve the entire problem” has made them industry pioneers and leaders in several High-tech sectors including High-efficiency Automobiles, Electrified Public Transportation, Environmentally-Friendly Energy Storage, Affordable Solar Power and Information Technology and Original Design Manufacturing (ODM) services.
As the world’s largest manufacturer of rechargeable batteries, their mission to create safer and more environmentally friendly battery technologies has lead to the development of the BYD Metal Phosphate (or “Fe”) Battery. This fire-safe, downright recyclable and amazingly long-cycle technology has become the core of their clean energy platform that has expanded into automobiles, buses, trucks, utility vehicles and energy storage facilities. BYD and all of their shareholders, including the fine American Investor Warren Buffett, see these environmentally and economically forward products as the way of the future.
