Electric Car Maker Becomes the World’s Largest “Mask” Manufacturer

Hülya karahan: Production Editor

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BYD, a Chinese electric car maker that has been invested by Buffett, started to produce masks less than a month ago to combat the new corona epidemic, and has now become the world’s largest mask maker, producing about 5 million daily of masks.

BYD produces an average of 5 million masks per day

The company issued a statement last week, saying that the company produces about 5 million masks daily and is currently planning to further expand its production capacity. According to reports, founder Wang Chuanfu will lead a team of 3,000 engineers to build a production line from scratch, and about 90% of the production line is made by BYD. However, the company did not specify which type of mask to produce.

54.8 million masks produced daily across the country

Since the beginning of this year, since the outbreak of the new corona epidemic, the demand for masks and disinfectants has soared, resulting in a shortage of supplies. According to the National Development and Reform Commission, China is currently the world’s largest mask manufacturer. As of February 22, China’s daily production volume was about 54.8 million masks, about 2.8 times that of February 1.

The founder Wang Chuanfu led a team of 3,000 engineers to build a production line from scratch. 90% of the production line was made by BYD. The company did not say what type of masks it produced.

In addition, GAC Group, oil giant Sinopec  and iPhone assembler Hon Hai are also producing masks. It is worth noting that since the epidemic, some companies have said that after the production of masks, the company’s stock price rose sharply. Taking Dayang Group  as an example, the company announced last month that the stock price had soared more than doubled after opening a mask production line.

 

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BYD World's Largest Mask Manufacturer - /10

Summary

According to news reports, BYD , a Chinese electric car maker that has been invested by Buffett, started to produce masks less than a month ago to combat the new crona pneumonia epidemic, and has now become the world's largest mask maker, producing about 5 million daily of masks.

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