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.
Caixin
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
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