Dodoma byd energy storage industrial park

Is BYD a good energy storage company?

Leveraging its strengths in self-produced lithium batteries, BYD has long extended its business to the field of energy storage system integration, deeply cultivating both large-scale and household energy storage markets overseas for more than a decade. However, it has hitherto lacked a significant presence in the domestic market.

What happened to BYD?

At the China Energy Storage West Forum in August 2018, BYD explicitly announced that it would no longer participate in domestic bidding projects, opting instead to focus on supplying energy storage equipment. However, this strategy changed in 2020.

What does BYD do?

BYD specializes in the research and development, production, sales and service on battery storage and is committed to providing efficient and clean new energy solution. With advanced lithium battery technology, BYD aims to promote the global transition from fossil energy to clean energy. 比亚迪储能新官网将于2023年5月19日迎来上线。 本次更新的内容包括官网样式布局，模块内容等。

What is BYD cube?

In August that year, BYD launched BYD Cube, a grid-level energy storage system product, and announced at the Energy Storage International Conference and Expo its intention to actively participate in domestic market development with its new products.

What is BYD's energy storage business?

The first is represented by BYD’s EPRI, mainly engaging in large-scale energy storage projects, and it was regarded as the main force of the company’s energy storage business, earning over RMB 1 billion (USD 140.5 million) in revenue in 2020. The second segment focused on household energy storage, mainly producing energy storage systems for homes.

What is BYD's capacity expansion plan?

Regarding capacity expansion, BYD commenced the construction of its global R&D center and energy storage industry park in Longgang, Shenzhen, in June last year. The planned investment totals approximately RMB 2 billion (USD 281 million), with a projected capacity of 20 GWh.