BYD officially signed a contract in Yichun, Jiangxi, with an investment of nearly 30 billion yuan


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According to the release of Yichun, on the afternoon of August 15, Yichun Municipal Government, Yichun Economic and Technological Development Zone, Yichun County Government, Yichun Mining Company and BYD Co., Ltd. formally signed a strategic cooperation framework agreement in Nanchang. BYD plans to invest 28.5 billion yuan to build a comprehensive development and utilization production base project in Yichun with an annual output of 30GWh of power batteries and an annual output of 100,000 tons of battery-grade lithium carbonate and ceramic soil (including lithium). This is another leading global new energy enterprise settled in Yichun after Ningde Times and Guoxuan Hi-Tech, which will accelerate the transformation of Yichun’s lithium battery new energy industry chain from “upstream integration downstream” to “downstream integration upstream”. (Securities Times)
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