Search 4,000 EV News articles

Saturday, January 23, 2010

BYD to invest billions in battery plant

Chinese car and battery maker BYD, which is 10 percent owned by U.S. billionaire Warren Buffett's Berkshire Hathaway, will invest $3.3 billion over five years to build China's largest solar battery plant, a report said Saturday.

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 Web site.

The plant will have capacity to produce a total of 5,000 megawatts of batteries, the report said.

BYD's F3 sedan was the best-selling car in China in the first 11 months of 2009. BYD is expected to start selling its first electric car, the e6, in the first quarter.

Blog Widget by LinkWithin

No comments:

Post a Comment