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BYD Company Limited
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== BYD: On-going and future projects == BYD has a number of on-going and future projects that are aimed at expanding its business and capturing new markets. These projects include: === '''New Battery Technologies''' === [[File:BYD Blade Battery.png|thumb|371x371px|Blade Battery using Lithium Iron-Phosphate for EV Uses]] BYD is investing heavily in the development of new battery technologies, such as solid-state batteries and lithium-air batteries. These new technologies have the potential to offer higher energy densities and longer battery life than traditional lithium-ion batteries. === '''Expansion of EV Production Capacity''' === BYD is increasing its electric vehicle production capacity in order to meet the growing demand for electric vehicles. The company is also expanding its global footprint, opening new manufacturing plants in Europe and the United States. BYD is expected to sell 1.75 million EVs by the end of 2023, with a current total production capacity of 2.9 million units a year. This is expected to rise to 4.3 million units by the end of 2023.<ref>[https://asia.nikkei.com/Spotlight/Electric-cars-in-China/BYD-eyes-overtaking-Tesla-this-year-as-world-s-top-EV-maker#:~:text=Its%20total%20production%20capacity%20stood,target%20of%203.6%20million%20vehicles. BYD eyes overtaking Tesla this year as world's top EV maker - Nikkei Asia]</ref> === '''Renewable Energy Projects''' === [[File:Cube Pro.png|thumb|371x371px|Cube Pro Energy Storage System]] BYD is investing in a number of renewable energy projects, including solar and wind farms. The company is also developing new battery storage technologies that will help to integrate renewable energy into the grid. BYD's renewable energy projects are expected to generate 10 gigawatts of electricity by 2025. In recent years, BYD has committed to providing renewable energy systems for a number of clients worldwide. For example, the plan to implement a 543 MWh energy storage system (ESS) in Las Vegas using their Cube Pro liquid-cooled batteries was announced this year, a significant step towards the goal of achieving zero carbon emissions by 2050.<ref>[https://electrek.co/2023/02/07/byd-las-vegas-renewables-543-mwh-energy-storage-system/ BYD to help light up Las Vegas with massive storage system (electrek.co)]</ref> In addition, BYD is responsible for supplying the world's largest single-phase ESS in the US West Coast<ref>[https://www.techgoing.com/byd-supplies-worlds-largest-single-phase-energy-storage-plant-commissioned-in-the-u-s/ BYD supplies, world's largest single-phase energy storage plant commissioned in the U.S. - TechGoing]</ref>, with the energy storage market rapidly growing, BYD Energy Storage grows with it as a major player in the field. === '''New Vehicle Models''' === [[File:BYD Dolphin.png|thumb|370x370px|BYD Dolphin - "Affordable" 5-seat EV Hatchback]] BYD is planning on releasing a number of new vehicle models in the coming years. These models include the Dolphin, Ocean-X, Seal, Han EV, and Tang EV. A large variety of models tackling every vehicle market segment gives BYD much greater reach than the competition, and with much more affordable price points, BYD becomes a much more compelling entry point into EV for many compared to Tesla and other EV manufacturers. With the BYD Dolphin coming in at Β£25,490, the budget entry represents BYD's expansion into the European markets, which has never been a focus for Chinese automakers until recently. These are just a few of the on-going and future projects that BYD is working on. The company is committed to innovation and growth, and it is well-positioned to be a major player in the global technology market. BYD is a well-positioned company with a strong track record of innovation. The company's on-going and future projects are aimed at expanding its business and capturing new markets. These projects have the potential to make BYD a major player in the global technology market.
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