BYD's battery business IPO within two years?

According to the news from Dianchehui, at the BYD Chongqing high-level communication meeting, Li Yunfei, general manager of BYD's automobile brand and public relations division, revealed in an interview that BYD will announce a new high-end model in the fourth quarter of this year. The price of the new car ranges from 500,000 to 800,000 yuan. It is reported that BYD's car will be planned under a brand new BYD brand, which is an 'independent brand, independent team, and independent sales network.' This means that the new brand is likely to affix a new car logo. Li Yunfei also revealed that in the next one to two years, BYD's Fordy Battery will apply for an IPO. According to the IPO 'single major customer share ratio cannot exceed 30%BYD will launch a new high-end car, it can be described as a matter of course. First of all, as far as BYD itself is concerned, the success of the BYD Han brand has laid a good foundation for BYD to launch new high-end brands. Secondly, from the perspective of the market environment, new energy car companies have already embarked on a viable road to high-end brands, and consumer education is in place. Regarding the IPO of the battery business, it is necessary to strengthen export sales, increase production, and introduce new shareholders at the same time. For example, in terms of production expansion, there was news on May 29 that BYD would invest 10 billion yuan to build a new power lithium battery production base in Changchun.