Photo: BYD
Tesla’s good start in the EV segment will no doubt be backed-up by some serious efforts in the future, as Elon Musk wants to take the company forward and dominate the electric car scene. However, China’s BYD might have something to say about that.
If you live in California, you might know that Chinese company BYD is building battery-powered buses in The Golden State besides from handling a growing operation back home in China. Recently, they announced the intention to triple battery production and giving Tesla the competition it needs.
According to Reuters, BYD wants to add 6 GWh of global production for batteries in each of the next three years and if this strategy will prove successful and demand keeps on growing, this rate will be kept even further.
“We have demonstrated that BYD is capable of adding 6 GWh every year with strong market demand,” explained Matthew Jurjevich, a spokesperson for the Chinese company.
Estimates say that if BYD is able to boost its capacity from 10 GWh to 34 GWh of batteries by 2020, the company might have a chance of competing with Tesla and its Nevada Gigafactory. Elon Musk announced that Tesla Motors will start producing its own battery cells at a capacity of 35 GWh by 2020, so the race could become quite intense at some point.
There’s still a long way to go for BYD considering that Tesla will be pumping around $5 billion into its state-of-the-art facility, but the Chinese manufacturer is now ranked sixth in the global list of the largest battery providers for electric vehicles. Moreover, BYD’s latest project involves a test fleet of 25 e6 EVs working for Uber in Chicago.
According to Reuters, BYD wants to add 6 GWh of global production for batteries in each of the next three years and if this strategy will prove successful and demand keeps on growing, this rate will be kept even further.
“We have demonstrated that BYD is capable of adding 6 GWh every year with strong market demand,” explained Matthew Jurjevich, a spokesperson for the Chinese company.
Estimates say that if BYD is able to boost its capacity from 10 GWh to 34 GWh of batteries by 2020, the company might have a chance of competing with Tesla and its Nevada Gigafactory. Elon Musk announced that Tesla Motors will start producing its own battery cells at a capacity of 35 GWh by 2020, so the race could become quite intense at some point.
There’s still a long way to go for BYD considering that Tesla will be pumping around $5 billion into its state-of-the-art facility, but the Chinese manufacturer is now ranked sixth in the global list of the largest battery providers for electric vehicles. Moreover, BYD’s latest project involves a test fleet of 25 e6 EVs working for Uber in Chicago.
Google News