BYD has signed a framework agreement with the municipal government of the city of Xiangyang in the Chinese province of Hubei for the construction of an industrial park where, among other things, traction batteries for electric cars will be produced.
The industrial park in Xiangyang is to be built in three phases, according to a report by Gasgoo. The report refers to information from the WeChat account Hubei Fabu, which belongs to the provincial government of Hubei. With a total investment of ten billion yuan (about 1.4 billion euros), the first phase is to include the development and production of battery cells, battery modules and other core components for e-cars with an annual production capacity of 30 GWh.
In the second phase, suppliers of cathode and anode materials, copper and aluminium foils, separators, electrolytes and structural parts for battery packs will be located in the industrial park. The third phase will focus on winning projects related to components such as electric motors, electric control units, air conditioners, wiring harnesses and gearboxes.
“We expect BYD to further strengthen its investment deployment in Hubei province and intensify partnerships with local players in the ICV (Intelligent Connected Vehicle) and NEV (New Energy Vehicles) industries,” said Ying Yong, secretary of the Hubei Provincial Committee of the Communist Party of China.
The report does not specify which batteries will be built in Xiangyang. BYD is currently pushing ahead with the production of a blade battery, which are LFP cells in a special, elongated format. According to reports, joint production with FAW in northeast China is also planned.
Xiangyang has a population of around five million and is located in central China’s Hubei province about halfway from Wuhan to Xi’an. For a long time, the city was known for its textile industry, but in the meantime some car manufacturers have also settled there.
With reporting by Sebastian Schaal, Germany.
– ADVERTISEMENT –