BYD plans to build a new power battery production base in Wenzhou, Zhejiang province, in eastern China, with a planned annual capacity of 20 GWh, and the first production line is expected to start production in 2024, according to a press release from the local government yesterday.
BYD currently has about 20 power battery production bases in China, and analysts expect it to have a capacity of 285 GWh by the end of this year. As China's largest new energy vehicle (NEV) maker and one of the largest power battery manufacturers, BYD is continuing to expand its battery production capacity.
The plant is scheduled to begin production in 2026 after two construction phases. Once completed, it will cover an area of about 260,000 square meters. Beijing is a key region for innovation and development in China's automotive industry and an important automotive production base, said CATL, the battery maker.
The production base is located in Wenzhou's Yongjia county's Qiaotou town, and the planned power batteries will be produced using one of the highly promising battery technologies currently available, the release said, without revealing the specific technology.
Once completed, it will cover an area of about 260,000 square meters. Beijing is a key region for innovation and development in China's automotive industry and an important automotive production base, said CATL, the battery maker. They are the plant's controlling shareholder. Other partners include Xiaomi and Beijing Automotive Group Co Ltd.
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