PVTIME – On December 21, BYD officially signed the agreement to make Lingang Industry Park of Bengbu Economic Development Zone the home for its new energy power battery production base.
The BYD Blade Battery Pack (Source: BYD)
The 6-billion-yuan base will have an annual output of 20GWh of BYD’s Blade batteries and be implemented in two phases. Both phases will implement 10GWH in annual production capacity at the cost of 3 billion yuan. Upon completion, the annual taxable sales revenue of the project is estimated to be 13 billion yuan.
Wang Chuanfu, Chairman and President of BYD Co., Ltd. said: “In recent years, BYD and Bengbu have deepened cooperation and jointly promoted the construction of a large green transportation system, forming a good foundation for cooperation. The newly signed new energy power battery project will adopt the industrial 4.0 construction standard and help fill the technological gaps in the power battery industry in Bengbu. At the same time, it will promote the development of the upstream and downstream industrial chains of electric vehicles, the Skyrail, advanced energy storage and battery materials.”
BYD has been vigorously expanding its battery production capacity. Currently, BYD has established production bases in Shenzhen, Xi’an, Qinghai, Chongqing, Changsha, and Guiyang. According to data, BYD’s total installed capacity of new energy vehicle power batteries and energy storage batteries in November 2020 was about 1.940GWh, and the total installed capacity on the year is estimated to be 10.531GWh.