World No.1 EV Maker Separates Its Battery Business

While Tesla tried very hard but still could not meet its sales target of 80,000 cars last year, China-based EV maker BYD sold 507,000 electric cars in the same year.

Just to put things more perspective, Tesla plans to deliver 500,000 cars in 2018, largely with the hope of its highly anticipated Model 3. Yet, many people view Tesla’s goal near impossible.

Now the largest EV maker BYD, according to Gasgoo, plans to separate its EV battery operation. Yes, the company happens to be the No. 1 battery maker in China as well, with a current capacity of 16 GWh and another 10 GWh under construction.

BYD’s EV batteries are mostly going into its own electric cars. In the future, the new battery subsidiary will supply to outside customers as well.

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