BYD builds world's largest lithium battery plant in Qinghai

Tinuku - BYD Co Ltd said Thursday it has built the world's largest lithium battery plant in northwestern Qinghai province. The third plant to operate next year will produce 24 gigawatt-hours of batteries a year as part of the company's plan to increase its total production capacity to 60 GWh by 2020.

The electric vehicle giant headquartered in Shenzhen is building new battery production capacity to take advantage of the aggressive drive of new energy vehicle (NEV) where the Chinese government is determined to combat air pollution from combustion engines and also boost high-tech power.

Tinuku BYD builds world's largest lithium battery plant in Qinghai

BYD CEO Wang Chuanfu said last year that the company expects all vehicles in China to be powered by 2030. The NEV manufacturer has sold 328,000 units in the first five months of the year, up 141.6 percent from a year earlier. NEV ownership in China accounted for more than half the global total last year.

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