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BYD invested in the establishment of a new company, the scope of business including mold manufacturing

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Ltd. was established on August 5, with a registered capital of RMB 50 million, and its business scope includes: graphite and carbon products manufacturing; new membrane materials manufacturing; high-purity elements and compounds sales; mold manufacturing, etc. Shareholding penetration shows that the company is indirectly wholly owned by BYD.

As an enterprise focusing on battery manufacturing and related products sales under BYD, Fudi Battery is a key part of BYD’s new energy strategy. Since this year, BYD has set up Fudi battery branches in Fuzhou, Xiangyang, Taizhou and Nanning Yongzhou one after another.

Previously, BYD has also set up 6 big Fudi battery companies, including Chongqing Fudi Battery Research Institute, Wuwei Fudi, Yancheng Fudi, Jinan Fudi, Shaoxing Fudi, Chuzhou Fudi, continue to increase the code power battery production capacity, to enhance the competitiveness of BYD next in the main track of new energy vehicles to further solid foundation.

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