BYD to build auto test track in Shaoguan

Chinese automaker and battery producer BYD Co., Ltd. will invest 1.5 billion (US$219.69 million) in the first phase of a national auto test track and parts production base in Shaoguan, Guangdong Province, south China. Covering more than 2.5 square kilometers, the motordrome will help accelerate BYD’s product development, said Chairman Wang Chuanfu. The base will have an annual production value of more than one billion yuan (US$146.46 million) upon completion. (November 12, 2009)