BYD has signed a deal with local conglomerate Huaihai Holding Group to jointly build a sodium battery manufacturing base with an annual capacity of tens of GWh.
FinDreams, BYD’s battery making unit, and Huaihai signed a deal on November 18 in Shenzhen, where BYD is headquartered, to build the sodium battery site in Xuzhou, Jiangsu province in eastern China, according to a press release by Huaihai yesterday.
They wil invest RMB 10 billion ($1.4 billion) and an annual capacity of 30 GWh, will be the world’s largest supplier of sodium battery systems for microcars
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