The first phase of FAW Fudi new energy power battery project, a joint venture between FAW Group and BYD, officially started production

On February 2, FAW Fudi's official WeChat public account announced that the first phase of the FAW Fudi new energy power battery project, a joint venture between FAW Group and BYD, was officially put into production. The project has a total investment of 18 billion yuan, a total planned production capacity of 45GWh, 15GWh in the first phase, and an estimated annual output value of 20 billion yuan.