BYD has launched the deployment of the project, which will begin construction in the second quarter and is expected to be in commercial operation by the end of the year.
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Gotion and InoBat will explore building a 40 GWh cell and Pack facility in Europe and explore producing energy storage batteries based on the latter's existing facility in Slovakia.
Insurance registrations for NEVs in China by major EV makers rebounded last week, although they have not yet reached the levels seen before the Chinese New Year holiday.

Neta is undergoing a supply chain restructuring to address the Neta S capacity shortage, which is expected to be completed in the next 2-3 months.
RoboSense will provide RS-LiDAR-M series LiDARs for a number of FAW Toyota's best-selling models, promising accurate sensing capabilities for vehicles.