BYD FinDreams Battery Secures Orders from Tesla Shanghai Energy Storage Battery
AshleyJun 07, 2024, 11:56 AM
On June 5, it is reported that BYD's subsidiary FinDreams Battery reached a supply agreement with Tesla for the Shanghai energy storage factory in March this year, and will supply energy storage cells to Tesla in the first quarter of next year.
The mode of Tesla's energy storage business is to purchase battery cells from suppliers and assemble them into complete energy storage systems, such as the Megapack energy storage solution for large-scale commercial industries and the Powerwall energy storage system for homes. Megapack contributes about 80% of the revenue to this business. And each Megapack unit can store more than 3.9MWh of energy, which can satisfy the electricity demand of 3600 households for an hour.
It is known that the Tesla Shanghai Energy Storage Factory currently only plans for the Megapack product line. The first supplier of the batteries for this factory has been determined to be CATL, and the second supplier is FinDreams Battery.
According to a source close to the industry, FinDreams Battery's share of supply exceeds 20%. On May 23 this year, the Tesla Shanghai Energy Storage Super Factory officially started construction and is expected to be put into production in the first quarter of 2025. After production, the output of the Megapack, a large-scale electrochemical commercial energy storage system, will reach 10,000 units, with an energy storage scale of nearly 40GWh. Therefore, the order corresponding to the full production status of FinDreams Battery exceeds 8GWh of supply. According to industry price calculations, the annual order value is about 3.5 billion RMB. So far, the BYD Group has not responded to this matter.
It is reported that CATL was once Tesla's only supplier of energy storage cells. For the sake of balancing costs and grasping more bargaining power, Tesla decided to introduce FinDreams Battery as a new partner. A person close to BYD stated that BYD has provided Tesla with the best price, which is close to the cost line.
Data from third-party analysis agency InfoLink show that CATL and FinDreams Battery ranked first and second in the global energy storage cell market last year, with CATL's market share exceeding 35% and FinDreams Battery's share being 13%.
It's worth noting that Tesla's new partner, FinDreams Battery, whose parent company BYD, is also creating sources of income outside the automobile business through energy trading. Energy storage is currently BYD's fastest-growing business. And official information from FinDreams Battery shows that the sales volume of storage batteries increased by more than 136% year-on-year last year.
If any infringement occurs, please contact us for deletion
Trending News
Toyota has Launched a Revamped Version of Corolla in Japan, No Longer Sell Gasoline-Powered Corolla
[PCauto] Toyota has recently launched a new facelift of the Corolla series in Japan, also announcing that all Japanese Corollas will now adopt hybrid power, making the gasoline version a thing of the past.Regarding this, Toyota claims that it will commit to achieving a carbon-neutral target, and the cancellation of the gasoline version of the Corolla is one of the steps towards achieving this goal. Hybrid vehicles can significantly reduce the emissions of pollutants such as carbon dioxide compar
Toyota Plans to Launch 2026 Corolla Hatchback FX: A Nod to the 1987 FX16
[PCauto] Toyota plans to launch the 2026 Toyota Corolla Hatchback FX, with its most distinctive feature being its appearance, which seems to reflect the shadow of the 1987 Corolla FX16.From the appearance, many details of the 2026 Toyota Corolla Hatchback FX express tribute to the 1987 Corolla FX16.The Corolla Hatchback FX is built on the SE base level of the Corolla Hatchback. It is equipped with a vented black tail wing, which not only adds a sporty feel to the vehicle but also improves its ae
All-New Perodua Bezza Coming 2025: Built on Advanced DNGA Platform
html 【PCauto】Perodua has officially confirmed this year that it will launch a "fully redesigned model" (Full Model Change, FMC) within the year. FMC represents a comprehensive redesign of an existing model. Based on product life cycle analysis, among models like Axia, Bezza, Myvi, Alza, Ativa, and Aruz, excluding the relatively newer Axia, Alza, and Ativa as well as the seemingly shelved Aruz, Bezza and Myvi become the main candidates for a facelift.The Myvi underwent an update in 2023, while th
HAVAL H6: A Balanced Performer and a Reliable Choice for Family SUVs
Price of HAVAL H6HAVAL H6 has a total of 1 submodel.• 2024 HAVAL H6 HEV priced at RM 139,800Driving experience of the HAVAL H6As for the power, the HAVAL H6 is equipped with a 1.5L 4-cylinder turbocharging source, delivering a maximum power output of 110 kW and a peak torque of 230 N·M, with maximum torque available at 1500-4000 rpm. The power is transmitted to the Front Wheel via an AT transmission, achieving a combined fuel consumption of 5.8 L/100km. This p
2025 Proton X50 Facelift: Major Upgrades & Possible 4-Cylinder Engine!
html [PCauto] The 2025 Proton X50 facelift is expected to hit the market in the third quarter. As Proton's core product in the B-segment SUV market, the new model will face challenges from competitors like the Honda HR-V. According to information, this facelift will feature comprehensive upgrades, particularly in design and powertrain, aligning closely with Geely China's Binyue L.To be modified based on the appearance of the Binyue LThe new front fascia will depart from the current mesh grille d
Popular Cars
Car Compare