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BATTERY PRODUCTION * China: BYD it could have capacity equal to Tesla Motors in 2020
* A Chinese ‘Gigafactory’?
-- Chinese electric bus and car manufacturer BYD says it’s planning to expand battery production, increasing output so fast that it will almost match the planned output of Tesla’s so-called “Gigafactory” by the time it’s fully operational in five years... The Shenzhen-based maker of e6 electric cars and K9 electric buses wants to more than double its battery production output this year, from 4 gigawatt hours (GWh) to 10, continuing at that pace for at least three years, according to Reuters. A GWh is a massive unit of electrical energy (equivalent to 1 billion watt hours) used to measure a battery maker’s annual production output... At that pace of expansion, BYD could have 34 GWh of capacity... BYD, which is 10-percent owned by Warren Buffett’s Berkshire Hathaway, could have 34 GWh a year by 2020 if its plans work out. BYD produces most of its batteries in China, but it’s opening a Brazilian plant this year...
(Photo from Creative Commons - A BYD K9 electric bus waits to pick up passengers in Palo Alto, California, in this 2014 file photo. The bus is used in municipal transport systems in the U.S., China and Europe. BYD is also one of the largest manufacturers of electric vehicle battery packs) -- Shenzen, China - International Business Times, by Angelo Young -March 13 2015Labels: battery makers
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