BYD to Expand Shanghai Battery Factory, Rivaling Local Tesla Gigafactory
According to an official Shanghai government website on October 9, Chinese new energy vehicle and battery giant BYD plans to invest 5 million yuan ($695,778) in an expansion project involving Shanghai BYD Co., Ltd. The eastern Chinese metropolis also hosts one of Tesla’s Gigafactories in its Lingang New Area, Pudong District.
According to a …