BYD & FAW plan new battery plant in China
According to Chinese media, BYD and FAW are planning a production facility for electric car batteries with an annual capacity of 45 GWh in north-eastern China. A joint venture has apparently already been established, but official confirmation is still pending.
This article has been updated. Please continue reading below.
As reported by CN EV Post and Gasgoo, among others, the factory is to be built in three phases and, in the final stage, will supply blade batteries for more than one million vehicles.
BYD and FAW Group have already established a joint venture called FAW FinDreams New Energy Technology for batteries with a registered capital of one billion yuan (about 140 million euros), in which BYD holds 51 per cent and FAW 49 per cent, according to data provider Tianyancha. The business areas of the joint venture, are the development, production and sales of batteries and battery systems for vehicles and stationary applications, as well as battery recycling.
FAW FinDreams is also abbreviated as FAW Fudi in China. It is not yet known in which vehicles FAW-Fudi’s blade batteries will be installed. FAW already uses blade batteries from BYD in the Hongqi E-QM5. It remains to be seen whether FAW and BYD themselves will be the main customers of the joint plant or whether third-party customers will also be supplied.
Update 28 February 2022
BYD and FAW have begun construction of an electric car battery manufacturing plant in Changchun, the capital of China’s Jilin province. Around the start of construction, some more details about the plant became known: FAW-Fudi plans to meet the battery needs of 600,000 electric vehicles annually with production in Changchun, with an annual production value of more than 20 billion yuan (2.84 billion euros).
FAW and Audi’s e-car plant is also being built in Changchun. Han Jun, governor of Jilin Province, said according to “Gasgoo” that the battery plant is another significant project in Changchun International Auto City after FAW-Audi’s project for premium electric vehicles.
cnevpost.com, gasgoo.com, gasgoo.com (update)