Advanced Electric Vehicle Battery Technology
In 2020, BYD launched the Blade Battery, a lithium iron phosphate (LFP) battery, claiming it to be safer and more durable than traditional lithium-ion batteries used in electric vehicles.
BYD Company Ltd., a leading Chinese manufacturer of electric vehicles (EVs) and batteries, was founded in 1995. It has grown to become a significant player in the global EV market. Warren Buffett's Berkshire Hathaway invested in BYD in 2008, acquiring a stake that has significantly appreciated in value as BYD's market presence in the electric vehicle sector has expanded. BYD has diversified its product range beyond electric vehicles to include energy storage solutions, solar panels, and other renewable energy products, aiming to support global sustainability efforts. The company operates one of the world's largest battery factories and has ambitious plans to expand its production capacity to meet the growing demand for electric vehicles and energy storage. BYD's electric buses have been sold to over 50 countries and regions, making it a leading provider of electric public transportation solutions globally, with significant sales in Europe and the Americas. In 2021, BYD's sales of plug-in electric vehicles surpassed those of conventional internal combustion engine vehicles for the first time, marking a significant milestone in the company's history. BYD is actively involved in several high-profile electric vehicle projects, including supplying electric taxis and buses for cities aiming to reduce carbon emissions and improve urban air quality.