BYD battery spin-off to be listed on stock exchange


BYD is planning to solidify its battery and photovoltaic business under a new banner, which will be listed separately on the stock exchange. The move is almost certainly to be seen as a declaration of war with battery suppliers.

Past November BYD already announced their intention to focus more closely on the battery business. Next to ramping up battery production, the company also first publicly considered entirely splitting off a dedicated battery company. The background is, that BYD’s profit margin is shrinking due to the lowering of EV subsidies in China and increasing competition.

In order to stop this, the company will be returning to its battery-producing roots with the split, as well as supply third parties with batteries in future. It was found last year, that the wholesale of batteries to external customers would be required for them to remain competitive.

According to Gasgoo, BYD could reach a production capacity of 28 GWh, putting some pressure on rival companies, such as CATL.


about „BYD battery spin-off to be listed on stock exchange“

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