BYD plans to expand its Shanghai factory

According to the website of the environmental information disclosure platform of Shanghai enterprises and institutions, in order to meet the market demand and the company's own development, BYD plans to invest 5 million yuan to build the expansion project of Shanghai BYD Co., Ltd. Double folding and coding process are added to battery products. After the project is completed, it is expected to process 72 million new lithium batteries per year, and the output of new lithium battery products will remain unchanged.

The project content shows that the existing factory of Shanghai BYD Co., Ltd. is located in Songjiang District, Shanghai, which belongs to the east area of ​​the Songjiang Economic and Technological Development Zone.

In addition, Shanghai BYD Co., Ltd.'s existing products mainly include lithium-ion batteries, high-capacity lithium-ion batteries, plastic casings, solar cell modules, reused lithium battery modules, small energy storage systems, new lithium-ion batteries, and magnesium-aluminum alloy parts.

According to the data, BYD's sales of new energy vehicles in September reached 201,259; from January to September 2022, a total of 1,180,054 new energy vehicles were sold, a cumulative increase of 249.56% year-on-year.

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