BYD FinDreams Battery Signs Two Non-Road Deals in Two Days, Domestic Install Share Down 13% YoY
On September 7, BYD's FinDreams Battery signed a cooperation agreement with Changsha Fusheng Technology to jointly develop automotive-grade blade battery systems for industrial and mining rail locomotives. FinDreams will be responsible for R&D and manufacturing support, while Fusheng will handle system integration. The agreement did not disclose the amount, supply volume, locomotive specifications, or commercialization timetable. Earlier, on September 5, FinDreams Battery also signed an agreement with Zero Carbon Engine Technology to explore projects including Mongolian electric mining trucks. From January to July 2026, BYD's domestic power battery installations reached 72GWh, an 18% share, down 13% year on year; CATL stood at 186GWh, 46%, in the same period.
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