BYD & Huaihai move on plans for sodium-ion battery
BYD wants to produce sodium-ion batteries worth 30 GWh in China annually. Huaihai Holding Group is on board with the ten-billion-yuan venture which targets becoming the world''s largest supplier of SI batteries for
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BYD starts construction of 30 GWh sodium-ion battery
BYD''s subsidiary Findreams Battery signed an agreement with tricycle giant Huaihai Group to construct the Xuzhou sodium battery plant on November 18 in Shenzhen. Companies announced they would make Xuzhou
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BYD Invests 10 Billion to a Game-Changing Battery
This initiative stems from a June 2023 strategic partnership between BYD''s subsidiary Fudi Battery and Huaihai Holdings. This project marks BYD''s significant entry into the sodium-ion battery market, leveraging the
6 FAQs about [Huaihai holdings energy storage project]
Does BYD have a joint venture with Huaihai holding group?
BYD’s battery subsidiary FinDreams has signed a strategic cooperation agreement with the Chinese conglomerate Huaihai Holding Group. Among other things, the agreement provides for the establishment of a joint venture to build the aforementioned production facility for Na-Ion batteries in Xuzhou in Jiangsu province.
Is Huaihai the world's largest supplier of Si batteries for small cars?
Huaihai Holding Group is on board with the ten-billion-yuan venture which targets becoming the world's largest supplier of SI batteries for small cars. Sodium-Ion batteries (SIB or Na+) have benefits mostly on cost since the much cheaper sodium replaces lithium, which has seen considerable price fluctuations recently.
Will Huaihai holding group start construction?
CNEVPost reported the move with reference to an official press release of the Huaihai Holding Group. The news website said the official press statement does not reveal the schedule for the start of construction and the planned commissioning. Details about the plant’s planned production capacity have also not been revealed.
How much electricity does Huaihai produce a year?
The planned production capacity of 30 GWh per year was already publicised at the time, but no timetable was set at the time. According to CN EV Post, Huaihai was founded in 1976 and is active in the fields of small vehicles, electric vehicles, parts and components as well as financial services.
Will BYD and Huaihai build a new plant in Xuzhou?
BYD and Huaihai’s partnership, solidified by a strategic agreement in June, is now taking a concrete shape with the signing of a contract for a new production facility in Xuzhou, Jiangsu province. While the plant’s timeline remains under wraps, the partners have disclosed a 30 GWh annual capacity goal.
Will Huaihai & findreams be able to use lithium-ion batteries in electric cars?
According to earlier statements, Huaihai will provide marketing and application scenarios, and FinDreams will offer products and services. Moreover, BYD already wants to use sodium-ion batteries in series-produced electric cars this year, although it will initially be a hybrid of sodium-ion and lithium-ion batteries.