Uncle Che recently learned from relevant channels that BYD and FAW joint ventured to establish a new company, named "FAW Fudi New Energy Technology Co., Ltd." To be precise, it should be BYD's wholly-owned subsidiary, Fordy Industrial Co., Ltd., which is jointly held by FAW Equity Investment (Tianjin) Co., Ltd., a wholly-owned subsidiary of China FAW Group Co., Ltd., with a registered capital of 1 billion yuan, of which Fordi accounts for 51% of the shares and FAW accounts for 49%.
According to Uncle Che, the business scope of FAW Fudi New Energy Technology Co., Ltd. is: new energy technology promotion services; power battery and battery system development, production, sales and provide related after-sales and technical consulting services. Development, production and sales of energy storage batteries and energy storage systems. Battery recycling, cascade utilization, recycling, etc.
In fact, as early as the middle of 2021, the joint venture company planning of the two sides has been released, when it was reported that the joint venture company will build a strategic base for new energy vehicle power batteries in the northeast region, the factory adopts the Industry 4.0 standard, built in three phases, and after all production, the annual output of 45 GWh of power battery production capacity will be realized, which will provide blade batteries for more than 1 million new energy vehicles. Judging from the current situation, this message has a very high degree of credibility.
FAW and BYD cooperation has a long history, Hongqi E-QM5 is equipped with BYD's blade battery, Hongqi brand will certainly have more pure electric vehicle models equipped with blade batteries in the future, which is the recognition of BYD blade batteries, but also will help Hongqi's product strength is more powerful, the two complement each other to achieve a win-win situation.
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