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In Race for the Biggest EV Battery Plant, BYD Steals a March

  • Plant in Qinghai, China, occupies size of 140 soccer fields
  • BYD’s battery capacity expected to rise to 60 GWh in 2 years
Chinese electric vehicles and charging infrastructure
Photographer: Qilai Shen/Bloomberg
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BYD Co. is building what would become the world’s largest vehicle-battery factory next year in an effort by the Chinese electric-car maker to increase capacity and help revive earnings growth.

The plant will have an annual capacity of 24 gigawatt-hours when it is fully in use in 2019, enough to equip 1.2 million BYD Tang electric cars, according to the manufacturer backed by Warren Buffett. BYD invested 10 billion yuan ($1.5 billion) in the factory, which will help meet the company’s plan to boost its battery-making capability almost fourfold by 2020.