The first phase of FAW Fudi's new energy power battery project was put into production in Changchun, helping the Hongqi brand's new energy development

On February 3, the first phase of FAW Fudi’s new energy power battery project was officially put into production in Changchun City, Jilin Province. This project is a joint venture between China FAW Group Co., Ltd. and BYD Co., Ltd. Its birth marks the establishment of the first new energy vehicle power battery strategic base in Northeast China.

The project is located in Changchun Automobile Economic and Technological Development Zone, covering a vast area with a total construction area of ​​340,000 square meters. The first phase of the project put into production this time has a production capacity of 15GWh. It is reported that FAW Fudi New Energy Technology Co., Ltd. has been committed to the research, development and production of new energy battery technology since its establishment in January 2022. The project put into production this time uses BYD’s blade battery technology and combines it with moldless The design concept of group and high integration has successfully solved the technical problems of power battery in terms of safety, endurance and life.

It is understood that the first phase of FAW Fudi’s power battery project is undertaken by China Construction Eighth Engineering Bureau. The project includes various buildings such as factories, office buildings, employee activity centers, and dormitories, with a total construction area of ​​approximately 155,200 square meters. Since the start of construction in September 2022, after 344 days of intense construction, the project has been successfully put into production. This will provide power batteries for the Hongqi brand’s new pure electric vehicles.

The performance of Hongqi brand in the market is also worthy of attention. Data show that the retail sales of Hongqi brand cars reached a new high in 2023, exceeding 370,000 units, a year-on-year increase of 29.5%, achieving six consecutive years of positive growth. In the fuel vehicle market worth more than 150,000 yuan, Hongqi's market share ranks first among Chinese brands. In the field of new energy, Hongqi has also made significant progress. Last year, its retail sales of new energy exceeded 85,000 units, a year-on-year increase of 135%, and its new energy penetration rate reached 23%, ranking first among traditional luxury brands.

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