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[YesAuto Industry] On May 28, BYD’s power battery production base project in Ningxiang, Changsha officially started construction in Ningxiang High-tech Zone. It is reported that the first phase of the Ningxiang power battery production base under construction this time has a total investment of 5 billion yuan, covers an area of 640 acres, and has an annual output value of about 10 billion yuan after it reaches full capacity. This project mainly includes the manufacturing of core products such as power battery cells, modules and related supporting industries, and will build a strategic base for new energy vehicles in Central China.

In recent years, BYD has continued to expand its power battery production base. On February 22 this year, Chongqing BYD’s new energy vehicle battery production base and “Yunba” project officially started in Bishan, Chongqing. The Chongqing New Energy Vehicle Battery Production Base project has a total investment of 10 billion yuan to build 8 lithium-ion battery production lines. The project plans to complete the first phase of the project within one year and put it into production. After all, it will become BYD's important new energy vehicle battery production base in the country, forming an annual output of 20GWh of power batteries.

At present, BYD’s power battery plants are distributed in five regions. In addition to the new energy power battery plants in Chongqing and Ningxiang, Changsha, they also include the Shenzhen Baolong plant and the Huizhou Kengzi plant with a total capacity of 16GWh; the Qinghai Xining plant will be put into operation at the end of June 2018. The production capacity is 24GWh; the battery factory in Xi'an is under planning. According to the planned production capacity plan, the power battery production capacity will reach 60GWh by 2020.

In the first four months of 2019, Changsha BYD's cumulative output value exceeded 6 billion yuan, an increase of 46% year-on-year, of which the sales of electric vehicles increased by 100% year-on-year. Changsha has become a new energy strategic base with the most complete product lines of passenger cars, buses, trucks and special vehicles in BYD's global strategic layout. If a power battery base is built in Ningxiang, Changsha, it will occupy a certain geographical advantage.