BYD Wins Hong Kong Kwun Tong Site for HKD 12 Million to Build EV Charging Station
BYD has won a tender for a site in Kwun Tong, Hong Kong, for HKD 12 million, to be used for building an electric vehicle charging station. The Hong Kong Lands Department announced that the site, located at 77 and 79 Hiu Kwong Street in Kwun Tong, Kowloon, under New Kowloon Inland Lot No. 6677, has a lease term of 12 years and a site area of approximately 1,022.1 square meters. BYD (H. K.) Co. , Limited, a subsidiary of BYD, was the highest bidder.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for New Energy Vehicles, with intensity 30/100 and 80% confidence over a medium term horizon.
New Energy Vehicles
- Direction
- positive
- Intensity
- 30
- Confidence
- 80%
- Horizon
- Medium term
Batteries & Energy Storage
- Direction
- positive
- Intensity
- 25
- Confidence
- 75%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.