Shenzhen-based automaker BYD is planning to triple its production of batteries, in an effort to compete against Tesla.
Reuters cited BYD Auto spokesman Matthew Jurjevich as saying that the Chinese automaker is planning to add 6 GW hours of global production every year, for the next three years.
The company is also likely to keep adding beyond the three-year tenure if the demand persists.
It is also expected to raise the battery production capacity from 10 GWh at the end of 2015 to 34 GWh of batteries by the beginning of 2020, putting the company in direct competition with Tesla, which has planned to build $5bn Nevada gigafactory.
BYD's production is mainly consolidated to China, but the company is opening a new factory in Brazil this year. The company has already opened two manufacturing plants in Southern California for the production of electric buses.
According to last year's data by Lux Research, BYD is the sixth-biggest battery maker for hybrid and plug-in vehicles.
