BYD Breaks Ground On New 20 GWh Battery Plant In China
Additional 20 GWh to secure future EV expansion
The planned output is to be 20 GWh annually using eight fully-automated production lines. The first stage of the plant is expected to be completed within a year from now.
The total cost of the investment is to be reportedly 10 billion yuan ($1.49 billion).
The 20 GWh of batteries is equivalent to:
- 200,000 all-electric cars with 100 kWh packs
- 400,000 all-electric cars with 50 kWh packs
- 800,000 plug-in hybrids cars with 25 kWh packs
In 2018 BYD sold about 227,152 plug-in electric cars, and 247,811 including buses/trucks, which means that the company will gain the potential to significantly increase production. And if you consider that in China, sales of plug-in electric cars are booming, then it seems certain BYD will need this extra capacity in the very near future.