BYD to build new EV battery factory in China's Bengbu
12/22/2020 | 03:49am EDT
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
All news about UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH)