BYD Plans 5,000 MW Battery Plant
HONG KONG: Chinese car and battery maker BYD Co Ltd, 10 percent owned by US billionaire Warren Buffett’s Berkshire Hathaway, will invest 22.5bn yuan over five years to build China’s largest solar power battery plant, a report said.
Shenzhen-based BYD, which aims to sell 800,000 vehicles next year, will build the plant in China’s Shaanxi province, a report in the South China Morning Post said, citing the Shaanxi Provincial Development and Reform Commission website.
The plant will have capacity to produce a total of 5,000 megawatts of batteries, the report said.
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