BYD recently secured a 520,000 square kilometer (200,773 square mile) parcel of industrial land for a 30-year lease at RMB 376 million ($54 million) on the outskirts of Shenzhen, according to Shanghai Securities News, a state-owned newspaper. The land will become a part of BYD’s new manufacturing campus in the Shen-Shan Special Cooperation Zone, where mass production is slated to commence as early as mid-2023. The company plans to invest a total of RMB 25 billion in the project. BYD, China’s leading electric vehicle manufacturer, has set an ambitious sales target of up to 3.6 million units this year, which would double the figure it achieved in 2022. [Shanghai Securities News, in Chinese]