FAW, BYD jointly launch battery production project-Xinhua

FAW, BYD jointly launch battery production project

Source: Xinhua

Editor: huaxia

2022-02-26 19:06:15

Visitors look at a blade-shaped battery produced by China's leading new energy vehicle (NEV) manufacturer BYD during the 130th session of the China Import and Export Fair, also known as the Canton Fair in Guangzhou, south China's Guangdong Province, Oct. 15, 2021. (Xinhua/Deng Hua)

CHANGCHUN, Feb. 26 (Xinhua) -- China's leading automaker First Automotive Works (FAW) and leading new-energy vehicle (NEV) manufacturer BYD kicked off construction of a battery production facility in Changchun, capital of northeast China's Jilin Province, on Saturday.

With a total investment of 13.5 billion yuan (about 2.14 billion U.S. dollars), the project is expected to meet the needs of one million electric cars and achieve an output value of more than 20 billion yuan.

BYD will strengthen cooperation with FAW to build a strategic base for power batteries in northeast China, said BYD Chairman Wang Chuanfu. 


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