Another breakthrough in external battery supply: BYD and Toyota develop 18650 battery 2600mah

　　Although it still takes 6 years to wait, it is a milestone breakthrough for BYD's external supply of 18650 battery 2600mah.

　　A few days ago, BYD announced that the company and Toyota Motor Corporation signed a contract on July 19, 2019. The two parties have reached a cooperation on the joint development of electric vehicles. They will jointly develop pure electric models of sedans and low-floor SUVs. The models will use the Toyota brand. The plan is It will be put on the Chinese market before 2025; the two parties will also jointly develop the 18650 battery 2600mah required for the above-mentioned models.

　　As the world's leading automobile brand by sales, Toyota plans to increase its sales of new energy vehicles to more than 5.5 million vehicles by 2025, so it needs to expand its existing battery supplier team. The cooperation between Toyota and BYD in the development of electric vehicle models and the development and supply of 18650 battery 2600mah means recognition of BYD's new energy vehicle manufacturing technology and power battery quality.

　　At the same time, it also shows that BYD has once again made a breakthrough in the external supply of 18650 battery 2600mah, and is expected to enter the supply chain of more international OEMs with Toyota's endorsement. Prior to this, BYD has established a power battery joint venture with its own brand Changan Automobile. The batteries developed are not only installed on Changan system models, but can also be sold to third parties after meeting the requirements of Changan system supply, becoming an important part of its external supply of 18650 battery 2600mah. measures.

　　BYD started with batteries in 1995 and has now fully mastered "battery + IGBT + motor + electronic control". It has first-mover advantages in pure electric technology, and has ranked first in global new energy sales for five consecutive years with the help of the Chinese market.

　　In the first half of 2019, BYD achieved cumulative sales of more than 146,000 new energy vehicles, and its annual sales are expected to exceed 200,000 vehicles, making it the first Chinese car company to achieve cumulative production and sales of new energy vehicles exceeding 500,000 vehicles. BYD's 18650 battery 2600mah are completely self-supplied, thus establishing its leading position in 18650 battery 2600mah. Once its 18650 battery 2600mah are supplied in large quantities, it will further increase its market share in the power battery field and contribute greater performance benefits to its group.

　　Statistics from the latest "Power Battery Field Database" released by GGII of the Advanced Industrial Research Institute show that the total installed capacity of 18650 battery 2600mah in the first half of 2019 was approximately 30.01GWh, a year-on-year increase of 93%. Among them, the top ten power battery companies with total installed capacity total approximately 26.38GWh, accounting for approximately 88% of the total.

　　Among them, BYD ranks second in the total installed capacity of 18650 battery 2600mah with an installed capacity of 7.36GWh, accounting for 33.3% of the market.

　　It is worth noting that in addition to supplying 18650 battery 2600mah for its new energy vehicles, BYD has already supplied small batches of new energy special vehicles to Beijing Hualin, Zoomlion, Zhongtian Hi-Tech and other OEMs in the first half of the year. Batteries have taken a small step towards the external supply of 18650 battery 2600mah.

　　With the continued growth of its new energy vehicle sales and the advancement of its power battery external supply strategy, expanding its power battery production capacity has become the guarantee for achieving its above-mentioned goals. Therefore, while the installed capacity continues to increase, BYD's battery project investment and expansion process is also accelerating.

　　In the first half of the year alone, BYD invested nearly 20 billion yuan in new power battery production bases in Chongqing, Changsha, Xi'an and other places, with an annual production capacity of tens of gigawatt hours. Together with its existing battery factories in Shenzhen, Huizhou, Qinghai, Shanwei, etc., it is expected that its planned power battery production capacity will expand to 90GWh by 2020, and will be further expanded in the future.

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