New energy company BYD launched a 24GWh power battery factory on Wednesday in Qinghai province, prepared to increase total production capacity to 60GWh by 2020.
The factory, equivalent to the size of 140 soccer fields, will be the largest in the world after it completes construction in 2019. It is BYD's third battery factory in China, with the first two in Shenzhen and Huizhou.
"As several countries have announced a deadline to end the sale of internal combustion engine cars, new energy vehicles (NEVs) are the inevitable direction. I believe electric vehicles are on the cusp of another boom," said Wang Chuanfu, president and chairman of BYD, at a ceremony held in Nanchuan Industrial Park, Xining where the factory is located.
Qinghai is lithium-rich -- more than 70 percent of China's lithium resource reserves are found in this province. The technologically advanced Qinghai factory employs the use of a first-rate Manufacturing Execution System, smart logistics, driverless automatic guided vehicles, and a seamless information integration. This will enable production efficiency to reach the top level of the industry in the world.
"All our batteries come with a unique identification code," said He Long, BYD battery division CEO. "We can troubleshoot any problems simply by scanning the QR code on the battery, which gives us the battery's technical specifications and necessary manufacturing information." More importantly, with live data analysis, possible abnormal situations can be prevented ahead of time.
BYD, one of China's largest privately-owned enterprises, was the number one seller of NEVs in the world between 2015 and 2017, with sales in more than 200 cities in 50 countries and regions.
With more than 23 years of continuous innovation, the company offers a wide variety of battery products, such as consumer 3C batteries, power batteries, solar cells and energy storage batteries, and has a complete battery ecosystem. In addition to applications in NEVs and rail transportation, BYD's battery products are widely used in solar power stations, energy storage power stations, and many other new energy solutions.
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