BYD plans to invest $1.2b for new EV battery plant in central China

BYD plans to invest $1.2b for new EV battery plant in central China

FILE PHOTO: The BYD Atto 3 EV car is displayed at the 39 Thailand International Motor Expo, in Bangkok, Thailand, November 30, 2022. REUTERS/Athit Perawongmetha/File Photo

BYD, the world’s largest maker of electrified vehicles, plans to invest $1.2 billion to build a new factory for its batteries in China, according to environmental appraisal filings.

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