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UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH)

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BYD to build new EV battery factory in China's Bengbu

12/22/2020 | 03:49am EDT
Men clean a BYD electric vehicle (EV) e2 displayed during the media day for Shanghai auto show

BEIJING (Reuters) - Electric vehicle (EV) maker BYD has agreed to build a new EV battery factory in the eastern Chinese city of Bengbu which will have an annual manufacturing capacity of 20 gigawatt hours (GWh), the city's government said in a statement on Tuesday.

Total investment for Shenzhen-based BYD's new factory will be 6 billion yuan ($916.55 million), it said.

($1 = 6.5463 Chinese yuan renminbi)

(Reporting by Yilei Sun and Brenda Goh; editing by Jason Neely)


ę Reuters 2020
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