BYD's Qinghai battery plant to start production in June

Updated 2018-01-31 10:11:05 Xinhua

China's leading new energy vehicle maker BYD is expected to start production at its new battery plant in the northwestern province of Qinghai in June, a company executive said Tuesday.

With an investment of 4 billion yuan (633 million U.S. dollars), the plant in Xining, capital of Qinghai, is designed to have an annual production capacity of 10 GWh of lithium batteries.

The first three production lines, each having an annual capacity of 2GWh, are expected to start operation in June, said He Long, vice president of Shenzhen-based BYD.

With rich lithium resources, Qinghai has built a complete new energy vehicle industry chain from lithium resource mining to lithium battery and new energy vehicle production.

To hedge against price rises in material costs, BYD has signed a deal to partner with a local firm to build a plant with an annual output of 30,000 tonnes of lithium carbonate, a raw material for making lithium batteries.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58March 21 2019 04:02:19

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16March 21 2019 04:02:19

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18March 21 2019 04:02:19

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords