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Regarding the production of batteries, BYD executives stated that as of the end of 2017, the total production of BYD's power lithium batteries was 16Gwh (6GWwh of ternary batteries and 10Gwh of lithium iron phosphate batteries). This year, we will continue to expand the production of 10Gwh ternary batteries, and the total production by the end of the year will reach 26Gwh.

In addition, he also stated that as the company gradually opens up its supply chain system, the company will also sell batteries to the outside world in the future. We are currently in discussions with many vehicle manufacturers, and as soon as this year, we will have some batteries for external sales. In terms of lithium resources, BYD has established a joint venture with Qinghai Salt Lake Co., Ltd. It is expected to build a salt lake lithium extraction plant with an annual output of 30000 tons. After the plant is completed, it can effectively reduce the price of purchasing lithium ore.

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