Byd's first overseas integrated design for cloud rail has been approved, and construction will begin in Brazil in early 2020.

On January 6, we learned from BYD Company Limited (BYD, 002594) that on January 3, local time, the overall design of the first overseas cloud rail line built by BYD in Salvador, capital of bahia state of Brazil, was officially approved by the state government.

According to byd, the construction permit for the first phase of the project was issued on December 10, 2019, and the contract for the second phase was signed in the following two weeks. The overall project is expected to start in early 2020.

This is the first cloud rail project byd has announced overseas, according to the report. It is reported that the total length of the line is 23.28 km, the first phase is 19.2 km, the second phase is 4.08 km, a total of 26 stations. When completed, the line will connect with el Salvador's existing metro system to form a public transport network with complementary urban rail systems and multiple volumes.

According to byd's previous public information, the cloud rail costs 200 million yuan to 300 million yuan per kilometer. At that cost, it would be worth at least 4.6 billion yuan.

Byd officials said in response to thepaper.cn that the amount of the final order could not be disclosed at this time.

Cloud rail is a new monorail system independently developed by byd company. On October 13, 2016, byd spent 5 years and invested 5 billion yuan to develop the straddle monorail — & ndash; & other; Cloud rail & throughout; The global launch ceremony was held in shenzhen to officially announce the entry into the field of rail transit.

According to the introduction, the cloud rail has low cost, short construction period, the minimum turning radius is only 45 meters, the maximum climbing capacity is up to 10%, and the terrain adaptability is very strong. The vehicle itself has low noise, and it can be flexibly organized according to the actual capacity demand in the later period. Besides, it is equipped with advanced automatic driving technology, which makes it cool in appearance and has obvious comprehensive advantages.

El Salvador is Brazil's fourth-largest city and served as the country's first capital from 1549 to 1763. Bahia's state government launched a global tender in May 2018 to meet the growing demand for travel. The bahia state government initially submitted a bid for light rail, but chose byd cloud rail after seeing the cloud rail proposal submitted by byd.

Byd's main businesses now include automotive, mobile phone components and assembly, rechargeable batteries and photovoltaic, as well as byd's 2018 financial report notes. Cloud rail & throughout; Since then, the relevant business has made good progress, and has received a number of cities at home and abroad orders. The first commercially operated cloud rail line with independent intellectual property rights was also completed and delivered in September 2017, marking byd. Cloud rail & throughout; Business formally entered the commercial operation stage.