BYD power battery production to reach 16 GWh this year

Shanghai (Gasgoo)- According to BYD’s latest investor relations activity log, the company’s total power battery production capacity will reach 16 gigawatt-hours (GWh) by the end of this year. Its lithium-iron phosphate (LFP) battery production will be up to 10 GWh while the rest is NMC/NCA battery.

Besides, the log also revealed that the company will expand a battery factory in Qinghai province, whose annual NMC/NCA production capacity can reach 10 GWh.

According to BYD, the battery of all newly-launched plug-in hybrid electric vehicles (PHEV) is NMC/NCA battery and all passenger vehicles will start to use NMC/NCA battery in 2018. But buses and E6 will continue to use LFP for the moment.

The log says that BYD will introduce many new models, including new-gen Dang, new-gen Qin and the new energy version of Song Max, which will be launched in succession from the second quarter of next year.