In a recent announcement, BYD has revealed that it has opened its new 24 GWh electric-vehicle battery factory this week. The factory is located in the Qinghai province in Western China.

The new EV battery factory in Qinghai is BYD’s third battery factory in China. The company already has one factory in Shenzhen and another in Huizhou.

According to BYD, the construction of new Qinghai factory will likely be completed by BYD in 2019; with its total production capacity to be ramped up to 60 GWh by 2020. At its full production capacity, the factory will be able to supply 1.2 million units of the BYD Tang EV.

BYD also said that the factory, upon completion of construction, will apparently be the biggest EV battery factory in the world. With planned size of the factory at 10.7 million square feet, it would be more than double the finished size of the Tesla Gigafactory 1 which has a 5.1 million square foot footprint.

With the opening of the new Qinghai factory marking a significant advancement of BYD’s electrification efforts, Wang Chuanfu -- President and Chairman of BYD -- said in a recent statement that “Electrification is a done deal as several countries have announced a deadline for the sale of internal combustion engine cars to end;” and added: “Electric vehicles are on the cusp of another boom.”