China's BYD to mass produce batteries for EVs
HUIZHOU, CHINA - Chinese battery and electric automaker BYD Co. has set up a plant to mass-produce lithium batteries for its electric cars in Huizhou, south China's Guangdong Province, according to the China Securities Journal.
BYD, partly owned by Warren Buffet, has injected around five billion yuan (about 731.5 million US dollars) into the operation of the Huizhou plant, which produces rechargeable batteries, automobile parts and handset components, the newspaper said.
Facilities for the production of batteries for the company's electric cars are almost ready now, since construction began in September last year, the newspaper said.
The Shenzhen-based company's F3DM, China's first plug-in hybrid, made its debut last December.
Huizhou plant, the first eligible for mass production of lithium-ion batteries that are core technologies of BYD's electric cars, is seen as a key step in the company's electric car manufacturing.
The Wall Street Journal said that the company is aiming to sell its all-electric battery car in the U.S. next year, ahead of the original schedule, citing company Chairman Wang Chuanfu in Xi'an, Shaanxi Province, during an interview at a BYD factory there.
Related News
Ontario First Nations urge government to intervene in 'urgently needed' electricity line
OTTAWA - Leaders of six First Nations are urging the Ontario government to "clean up" the bureaucratic process that determines who will build an "urgently needed" high-capacity power transmission line to service northern Ontario.
The proposed 450 kilometre East-West Transmission Project is set to stretch from Thunder Bay to Wawa, providing much-needed electricity to northern Ontario. NextBridge Infrastructure, in partnership with Bamkushwada Limited Partnership (BLP) — an entity the First Nations created in order to become co-owners and active participants in the economic development of the line — have been the main proponents of the project since 2012 and were awarded…
