The Law of the Jungle: BYD's Ambitions in Fuzhou

In a recent development, BYD has taken over the Mahayana production base in Fuzhou, sparking rumors about its plans for the site. Although BYD did not provide an official statement, insiders suggest that the facility will be used for vehicle manufacturing.

Established on September 8 this year, Fuzhou BYD is expected to expand based on the Mahayana production base. Interestingly, just over three years ago, the two factories owned by Mahayana changed hands successively. Besides leasing a Jintan base from Niuchuang, its Fuzhou base was also taken over by BYD.

Prior to this, Mahayana Automobile Group, chaired by Wu Xiao, had become the majority shareholder of Jiangling Light Automobile and obtained the qualification to build cars. In May 2017, Jiangsu Jintan Changdanghu New Energy Technology Co., Ltd. was established. However, according to Niuchuang insiders, in the end, Niuchuang will buy the Mahayana factory wholly.

The cooperative relationship with Mahayana Science and Technology Industrial Park has also been mentioned. Relevant information shows that Niuchuang Motor has obtained the right to use the park by leasing from Jintan District. The Niu Innovation Energy Automobile Factory is actually the original site of Jiangsu Jintan Mahayana Automobile Science and Technology Industry Park.

With Niu Innovation Energy's recent high-profile appearance, founded by Li Yinan, the long-forgotten Mahayana car has also returned to public view. It remains to be seen what BYD plans for the Fuzhou production base, but one thing is clear - the law of the jungle is at play in the automotive industry.

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This is the law of the jungle