According to the announcement titled “Notice on the Proposed Approval of Environmental Impact Assessment (EIA) Documents for Construction Projects on July 16, 2025,” released by the Shaoxing Municipal Bureau of Ecology and Environment, the Shaoxing FinDreams Battery Phase II project is under public review. The project involves a total investment of RMB 6 billion and will have an annual production capacity of 15 GWh of lithium batteries. It will be built within the Phase II site, adjacent to the Phase I area, and will involve the purchase of equipment for mixing, coating, rolling, and assembling, among others. The project will include production lines for power batteries, aluminum casing, electrolyte, and an NMP distillation system. The main production processes cover mixing, coating, welding, baking, electrolyte filling, formation, assembling, and NMP recovery, aiming to establish a manufacturing capacity of 15 GWh of new energy vehicle power batteries annually.
The project is being developed by Shaoxing FinDreams Battery Co., Ltd. (Shaoxing FinDreams), a wholly owned subsidiary of FinDreams Battery Co., Ltd. Founded in August 2021 with a registered capital of RMB 50 million, Shaoxing FinDreams is located in the New Energy High-End Equipment Industrial Park within the Shengzhou Economic Development Zone. The company is backed by BYD Co., Ltd. and focuses on the production of core products in the new energy battery sector and related supporting industries.
The total investment in the Shaoxing FinDreams power battery project is approximately RMB 13 billion, to be carried out in two phases. The project is dedicated to the intelligent manufacturing of core products in the new energy battery and related sectors. It is BYD’s largest single investment project in Zhejiang Province and also the fastest to be constructed.
Phase I involved an investment of RMB 7 billion to build a production line with an annual capacity of 15 GWh for blade batteries used in DMi hybrid systems, which commenced operation in June 2022. Phase II, currently under review, involves an investment of approximately RMB 6 billion for another 15 GWh of power battery capacity.
In addition to Phases I and II, Phase III of the Shaoxing FinDreams project—focusing on new energy batteries and energy storage systems—has also begun construction. With a fixed asset investment of about RMB 5 billion, it will cover approximately 1,067 mu (about 71 hectares) and include production lines for 15 GWh of new energy batteries and related products.
Both Phase II and Phase III projects have adopted a "start construction upon land acquisition" model and are scheduled to begin production by 2025.
Source：https://mp.weixin.qq.com/s/lcR-v5mGpG1wkY_KCRG_ag
