According to GlobalData, the value of China construction market is forecast to grow by 4.4% in real terms in 2024, having grown by 4.4% in 2023. A key growth market will be the infrastructure market, with output rising by 18.0% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five automotive construction projects that commenced in China in Q4 2024, according to GlobalData’s construction projects database.
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1. Shenzhen Shenshan BYD Auto Industrial Park Phase III
The project involves the construction of a battery pack and new energy vehicle parts manufacturing plant on a 130ha site area in Shenzhen, Guangdong.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
2. Jiangmen Tayo Industrial Park Phase II
The project involves the construction of an industrial park on a 13.33ha site area with a 170,000m2 gross floor area (GFA) with a capacity of one million motorcycles in Jianghai District, Jiangmen City, Guangdong Province.
Construction work commenced in Q4 2024 and is expected to finish in Q1 2027.
3. Hangzhou Car Tire Manufacturing Plant
The project involves the construction of a passenger car tire manufacturing plant with a production capacity of nine million tires per annum in Qiantang New District of Hangzhou City, Zhejiang.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
4. Jiangmen Motorcycle R&D and Manufacturing Plant
The project involves the construction of a motorcycle research and development (R&D) and manufacturing plant on a 5ha site area in Pengjiang District, Jiangmen City, Guangdong Province.
Construction work commenced in Q4 2024 and is expected to be completed in Q3 2026.
5. Yancheng Yuanqian Automotive Electronics Manufacturing Plant
The project involves the construction of an automotive electronics manufacturing plant with a 25,000m2 gross floor area (GFA) in Yancheng, Jiangsu.
Construction work started in Q4 2024 and is expected to be completed in Q3 2026.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
