Guan Cha Zhe Wang·2025-11-17 08:41Core Points - A structural collapse occurred at the Zhengzhou Airport Economic Zone's new energy components industrial park expansion project on November 15, 2025, resulting in 3 fatalities [1][2] - The project is significant for BYD's operations in central China, having commenced construction in September 2021 and achieving production in April 2023, with an output of over 200,000 vehicles in its first year [2] - BYD's production in Zhengzhou is part of a larger strategy, with the company having established four phases of production facilities in the region [5] Company Overview - Zhengzhou BYD Automobile Co., Ltd. is the construction unit for the collapsed project, while Dongtai Jinzhihui Construction (Group) Co., Ltd. is the contractor, and Duowei United Group Co., Ltd. is the subcontractor [1][2] - In 2023, BYD's output in Zhengzhou reached 200,000 vehicles, generating a revenue of 33.47 billion yuan [2] - BYD's vehicle production in Zhengzhou is expected to grow, with 2024 projections indicating an output of 545,000 vehicles, a year-on-year increase of 169.8% [2] Industry Context - In the first three quarters of 2025, Henan Province's total vehicle production reached 1.03 million units, a year-on-year increase of 21%, with new energy vehicle production at 490,000 units, up 18.5% [3] - BYD accounted for over 70% of the new energy vehicle production in Henan Province [3] - The company has established a comprehensive production base in Zhengzhou, including plans for vehicle assembly and battery production [5]