BYD plans to increase production capacity to more than 500GWh by 2023 and increase investment in sodium-ion batteries

BYD plans to increase its production capacity to more than 500GWh in 2023 and deploy battery projects in many locations. In addition, BYD has also increased its investment in sodium-ion batteries and signed a contract with Huaihai Holdings for a sodium-ion battery project with a total investment of 10 billion yuan and an annual production capacity of 30GWh.