Shanghai (ZXZC)- On April 1, BYD Company Limited and Guiyang municipal government signed an agreement to conduct the in-depth cooperation in a new-type power battery industrial project, the construction of battery assembly lines, and other businesses, according to a post on the city's governmental WeChat account.

The latest move means that the partnership between BYD and Guiyang, the capital of China's Guizhou province, has been further deepened. In December 2019, BYD inked an investment agreement with the authority of Guiyang Hi-tech Industrial Development Zone for the establishment of Guiyang Fudi Battery Co., Ltd. (“Guiyang Fudi”) and the building of an intelligent manufacturing industrial park.

Managed by Guiyang Fudi, BYD's Guiyang battery base has already started operation. It currently has six battery lines with a total production capacity of 15GWh per year, aiming to deliver a production value of 5 billion yuan ($787.216 million) this year, according to Weng Yong, a project manager with Guiyang Fudi.

Blade battery; photo credit: BYD

BYD is doubling down on batteries to satisfy its fast-growing NEV demands. Aside from Guiyang, BYD has also built and planned battery manufacturing bases in such cities as Shenzhen, Huizhou, Xi'an, Xining, Chongqing, Changsha, Bengbu, Changchun, Jinan, and Xiangyang. Of them, the Chongqing and Changchun bases are co-built with Changan Automobile and FAW Group respectively.