The City of Lancaster has approved an incentive package for Build Your Dreams (BYD), the first Chinese-owned automobile factory in the U.S. located in Lancaster, CA. BYD is the largest supplier of rechargeable batteries in the world and they are using their leading rechargeable battery technology to power their own brand of buses and cars.
| Part of the incentive is Lancaster has agreed to pay $1.4 million for 12 acres of land, that will be used to expand the BYD facility in the future, located just south of the existing BYD factory. The land will be awarded to BYD at no cost assuming that BYD reaches certain sales tax and employment milestones over the next three years. BYD must employ 250 people to achieve the agreement’s goal. The city believes that BYD will continue to grow and to get the incentive that’s what they must do. In March, the City of Long Beach awarded BYD a contract of $12.1 million to purchase 10 all-electric buses and charging equipment. In June, the Los Angeles County Metropolitan Transportation Authority (Metro) Board of Directors approved a contract to purchase up to 25 all-electric buses as part of a $30 million clean air bus technology pilot project. | |
In addition to the currently operating all-electric bus factory in Lancaster, BYD also plans to build a plant for production of its advanced-technology battery modules. The battery plant will be in the former Anheuser-Busch beer distribution building, just south of Avenue H on Division, that BYD recently purchased for $1.9 million.
The incentive package will also include street and other infrastructure improvements for both BYD buildings.
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