The US carmaker will produce 10,000 massive batteries a year at the Megafactory in Shanghai’s Lingang free-trade zone when construction of the plant is complete.
BYD said it is actively seeking to tap overseas markets and that its global expansion will pick up after sales stagnated at about 302,000 units in the past two months.
Sales of US automaker Tesla s China-made electric vehicles skidded 17.8% in November from the same month a year earlier, to 82,432 cars, China Passenger Car Association (CPCA) data showed on Monday.