BYD’s new battery plant to start producing this June
Build your own battery factory – the lines at BYD’s latest plant shall start rolling this June. Located in the Chinese province of Qinghai, the 4bn yuan facility is designed for an annual production capacity of 10 GWh of lithium batteries.
China is becoming not only the world’s largest market for new energy vehicle per state decree but also the largest producer of lithium batteries. BYD joins CATL in an effort to scale up production facilities.
BYD is expected to start production at its new battery plant in the northwestern province of Qinghai in June, said a company executive quoted by Xinhuanet.
With an investment of 4 billion yuan (about 512m euros), the plant in the provincial capital Xining is built to have an production capacity of 10 GWh of lithium batteries per annum. The first three production lines with a capacity of 2GWh each are expected to start rolling in June.
Qinghai province has built a new energy vehicle industry chain on its lithium resources. This includes mining to lithium battery and new energy vehicle production.
BYD has signed a deal with a local firm to stabilise prices and to build a plant with an annual output of 30,000 tonnes of lithium carbonate.
Already the EV maker counts among the world’s top 10 leading battery cell manufacturers, most built for use in its own vehicle fleet.
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