BYD sets up a new battery company to deal with waste battery recycling and sales

SMM April 14: after setting up sales companies such as cars and charging piles in Fuzhou, BYD set up a new battery company in Taizhou-Taizhou Fudi Battery Co., Ltd., with a registered capital of 50 million yuan. The company is indirectly wholly owned by BYD Co., Ltd.

The company's business scope includes battery manufacturing and sales, new energy vehicle waste power battery recycling and echelon utilization, as well as new material technology research and development.

On April 11, Fuzhou Zhuoyu Automobile sales Co., Ltd., which is indirectly wholly owned by BYD Automotive Industry Co., Ltd., was established with a registered capital of 2 million. The scope of business includes new car sales, new energy vehicle electrical accessories sales and charging pile sales.

According to the latest monthly installed capacity of power batteries in March released by the China Automotive Power Battery Industry Innovation Alliance, BYD ranks second among domestic battery companies, with 4.12GWh installed, accounting for 19.24% of the market. From January to March, BYD accumulated 10.41GWh in terms of domestic power battery installation, accounting for 20.31% of the market.

Some media said that the continued hot sale of BYD new energy vehicles is the guarantee for the steady growth of its power battery installation. According to car sales in March, BYD's new car sales successfully exceeded 100000 in March, reaching 104878 units, an increase of 156.95% over the same period last year. And it is worth mentioning that while announcing sales, BYD announced that it would stop production of fuel-fueled vehicles from March this year and focus on EV pure electric and DM plug-in hybrid vehicles. According to production and sales figures released by BYD, its fuel vehicle sales were completely suspended in March. BYD has officially become the first brand in China to sell "100000 +" new energy passenger cars.