Chinese car and battery maker BYD is teaming up with a rival car-maker to build a battery giga factory in China— hot on the heels of opening what it said was the “world’s biggest” auto batteries plant in the country.
BYD is forming a joint venture with state-owned Changan Automobile to focus on electric vehicle (EV) battery production at a new plant in southwest China for domestic sales.
China’s BYD has opened the “world’s biggest auto batteries plant”— as part of a reported multi-billion dollar investment to expand its domestic battery-making capacity to 60 gigawatt-hours within three years.
BYD— which stands for ‘build your dreams’— said the six-square-kilometre plant in Qinghai Province— “equivalent in size to around 140 football pitches”— will itself have a 24GWh production capacity when it ramps up to full capacity next year.
Chinese electric vehicle maker BYD has confirmed plans to open a battery recycling plant in Shanghai.
A BYD spokesperson told BBB the plant would go ahead but said a date for the project’s start had yet to be fixed.
Chinese battery giant BYD is reportedly set to start operations at a new CNY4 billion ($636 million) lithium-ion battery production plant in western China this June.
The first of three production lines expected to start rolling at the plant in Xining, Qinghai Province, will have an annual production capacity of 10GWh, according to China’s state Xinhua News Agency.
Chinese battery giant BYD is inviting towns and cities in Germany to ‘test drive’ a fleet of new electric buses powered by the company’s LiFePO4 batteries.
The initiative is in partnership with Bavarian-based e-storage specialist Fenecon, which said the batteries give the buses “a range of about 300 kilometres travelling up to 70km per hour on a full load time of about five hours”.