BYD charging ahead with capacity investments at home and abroad
Sep 26, 2018
BYD has announced ambitious plans to extend its battery manufacturing capacity by a further 30 Gwh with a new facility in Xi’an, Shanxi Province. The investment is likely to cost around USD 1.74bn. This comes on the back of an announcement in August that the company will invest in a 20 Gwh factory in Chongqing City at a cost of USD 1.4bn.
The company has also announced it will be making a further investments in the US, albeit on a more modest scale, spending USD5m on a warehousing facility to assist with the manufacture of its electric buses.
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