Is the first phase of Jinan Fudi battery acquired?
No, Jinan Foday Battery Co., Ltd. is a subsidiary invested and built by BYD Group to expand battery production capacity. The first phase of the project started construction in September 20021year, and was completed and put into operation in June 2022. The products of this project are mainly used in BYD Group's new energy vehicles, including pure electric and plug-in hybrid vehicles. Therefore, the first phase of Jinan Foday battery was not acquired.