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BYD to scale up new 'blade battery' production to challenge CATL

Eightfold capacity rise aims to win bigger slice of China's NEV battery sector

A BYD electric vehicle is displayed during media day for the Shanghai auto show last year. The Chinese automaker has pledged an eightfold increase in the production of its new type of lithium iron phosphate (LFP) battery by the end of the year.   © Reuters

Chinese electric carmaker BYD Co. Ltd. has pledged an eightfold increase in the production of its new type of lithium iron phosphate (LFP) battery by the end of the year, in a bid to win more market share with the lower-cost cell.

LFP batteries are designed for use in new energy vehicles (NEVs). They are cheaper to make and can endure higher temperature than so-called ternary lithium batteries widely used in the industry. Tesla fits its Shanghai-built Model 3 sedans with LFPs.

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