BYD, Huaihai Holding Group form JV for sodium-ion batteries in mainland China
BYD holds a stake of 51% and Huaihai holds the remaining 49% in the new JV Huaihai FinDreams Sodium Battery Technology
BYD's FinDreams has set up a sodium-ion battery joint venture with a local conglomerate Huaihai Holding Group as mainland China’s leading battery-maker aggressively pushes for production of these low-cost batteries, according to a news report published by CnEVPost on May 9.
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