ArmInfo. A delegation from the Chinese conglomerate BYD Auto Industry intends to visit Armenia at the end of October to get a first-hand look at the Armenian market and cooperation opportunities. This was reported by the press service of the Ministry of Economy, referring to the results of a meeting between head of the economic department of Armenia Vahan Kerobyan and representatives of BYD Auto Industry in Shenzhen.
According to the source, the parties discussed a number of issues related to the activities of BYD Auto Industry, the solar energy sector, and the possibility of creating innovative research and development (R&D) offices.
The Minister of Economy presented in detail the active work carried out in recent years towards the implementation of investment policy, investment programs, and benefits provided.
BYD CO Ltd is a publicly listed Chinese conglomerate manufacturing company headquartered in Shenzhen, It is the world's largest electric vehicle manufacturer, and is a major manufacturer in automobiles (battery electric and hybrid cars, buses, trucks, etc.), battery- powered bicycles, forklifts, solar panels and rechargeable batteries (mobile phone batteries, electric vehicle batteries and bulk storage). The company's main products are cars and components, which accounted for 52% of revenue in 2021, batteries and solar panels accounted for 7% of revenue, other products include components for mobile phones and other electronics, as well as equipment assembly services.
