The first vehicle of BYD's new energy passenger vehicle and parts industrial park rolls off the production line on Nov 30. [Photo/Jinan Times]

The first vehicle of BYD's new energy passenger vehicle and parts industrial park, which is located in the Jinan Start-up Area for Growth Drivers Transformation, rolled off the production line on Nov 30.

BYD's new energy passenger vehicle and parts industrial park project is a major project with the highest investment in the start-up area.

With an investment of 15 billion yuan ($2.1 billion), the industrial park consists of plants for stamping, welding, painting, and assembly.

After the construction is completed, the industrial park is expected to produce 150,000 vehicles and core components annually.

As a leading company in the domestic new energy automobile industry, BYD plans to gather more quality upstream and downstream companies, boost regional economic growth as a major driver, and inject strong momentum into Jinan's innovative and developmental new energy automobile industry.