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

Published: Apr 14, 2022 15:27

Save

[BYD set up a new battery company to manage waste battery recycling and sales] following the establishment of automobile and charging piles and other sales companies in Fuzhou, BYD established 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.

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.

Car battery

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

47 mins ago

[SMM Analysis] New Technologies in Lithium Carbonate Production: Pathways and Bottlenecks

47 mins ago

56 mins ago

[SMM Analysis] August 2026 Lithium Carbonate Market: Mid-Month Rally, End-Month Retreat Amid Supply Recovery

56 mins ago

1 hour ago

Special Action to Uphold the Bottom Line of Mandatory Product Certification: 108,500 CCC Certificates Suspended

It was learned today that the State Administration for Market Regulation has carried out an in-depth nationwide special action to uphold the bottom line of mandatory product certification, launching "random selection and public disclosure" supervision and inspection of certification bodies, covering all 34 CCC-designated certification bodies, 90 CCC-designated laboratories, and 300 voluntary certification bodies. To date, designated certification bodies have suspended a total of 108,500 CCC certificates involving 18,500 producer visits, and revoked a total of 44,900 CCC certificates involving 13,000 producer visits. Among them, more than 4,200 CCC certificates for power banks and lithium batteries that could no longer meet certification requirements were revoked or cancelled, effectively ensuring product quality and safety. At the same time, special governance of institutional filing and certification rules has continued. Since the beginning of this year, 50,200 rules have been reviewed, 30,300 were not filed, 17,700 were returned for rectification, and 2,186 were approved, ensuring high-quality certification activities through high-standard certification rules.

1 hour ago