The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% 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 Asia Pacific’s five largest automotive construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
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, China.
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, China.
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, China.
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
4. Vung Ang Electric Vehicle Plant
The project involved the construction of a car manufacturing plant on 36ha of land in the Vung Ang Economic Zone, Ky Anh district, Ha Tinh, Vietnam.
Construction work commenced in Q4 2024 and is expected to be completed in Q3 2026.
5. Kharkhoda Two-Wheeler Manufacturing Plant
The project involves the construction of an integrated manufacturing facilities on 40.4ha of land in Sonipat, Haryana, India.
Construction work started in Q4 2024 and is expected to be completed in Q2 2026.
For more details on the latest construction projects, buy the profiles here.
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