elon musk just confirmed partnership with buffett for blade batteries byd the warren
buffett bank chinese electric car maker plans to supply tesla with batteries very soon
according to a senior executive at the company according to a chinese state-owned broadcaster
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and let us get started byd backed by warren buffett has recently surpassed volkswagen as
the world's third most valuable vehicle manufacturer buoyed by the prospects of
china's thriving nav sector on wednesday shares of the shenzhen guangdong province based company
closed up to 3.9 percent this increased its market capitalization to 142.7 billion dollars
dwarfing volkswagen's 101.6 billion byd is the only chinese automaker among the top 10
most valuable peers globally but it trails elon musk's tesla and toyota of japan tesla is the
most valuable automaker valued at 742.5 billion dollars as of wednesday more than three times
the value of toyota despite the fact that toyota's shipments last year are more than 10 times teslas
according to analysts byd's growth demonstrates the potential of the global nav sector
and the trend is even more visible in china which has been the world's largest market for such
vehicles since 2015. even in april when china's car market hit a decade low nav sales increased
44.6 to nearly 300 000 units according to the china association of automobile manufacturers
nav deliveries in the country totaled 1.56 million in the first four months of 110 from the
same period last year according to the caam this accounted for 20 percent of total vehicle sales
in china from january to april byd china's largest nav manufacturer seized production of conventional
gasoline-powered vehicles in march to focus on fully electric and hybrid vehicles it sold over a
hundred thousand vehicles in april up 136 percent year on year becoming china's only major automaker
to see monthly sales growth may saw 114 183 units delivered a 152.8 percent increase over the same
month last year chinese nav startups did well as well with four companies delivering over 10
000 units in may three of them saw year-on-year sales more than double during the month
they expect the trend to continue as they release new models lee auto will unveil its second model
a full-sized suv later this month and eol released three new models this year including the et7 sedan
which will compete with bmw 7 series toyota began pre-sales of its first electric suvs in china in
late april becoming the country's latest major international brand to enter the heated nav race
according to hwakshi securities as any visa become a viable alternative to gasoline-powered vehicles
in china's major cities there is great potential in the vast countryside as well according to the
brokerage vehicles sold in third tier or smaller cities will account for 44 of total vehicle sales
in china in 2021 but only 32 percent in the nav segment since june 26 automakers have joined
forces to promote navs in rural areas offering over 70 electric models to buyers in rural areas
analyst hwang shili of suo securities expects the campaign to increase nav sales by around 100 000
units this year to 5.25 million units up from 3.5 million in 2021 byd respects tesla and we admire
tesla leon yubo byd's executive vice president said in a video interview with a cgtn anchor
we've become good friends with elon musk and we'll be supplying him with batteries very soon he
added the anchor posted the video on the chinese social media platform weibo on wednesday byd and
tesla did not respond immediately to request for comment since 2020 byd has been producing lithium
iron phosphate blade batteries for use in its own vehicles as well as for sale to other automakers
such as toyota according to the company the blade-shaped battery is thinner and longer
than conventional lithium-iron cells allowing it to make better use of available space within the
battery pack according to byd it is also less likely to catch fire even when severely damaged
tesla currently uses lfp batteries supplied by the chinese firm catl in nearly half of its vehicles
tesla also employs nickel and cobalt batteries from lg energy solution and panasonic tesla sales
in china were strong at the start of the year placing the company first among pure electric
brands in march it delivered 65 814 vehicles from its shanghai factory the vast majority of which
were sold in china this figure was 85 percent higher than a year ago but that was before the
city of shanghai was shut down for two months to contain the city's worst covet outbreak in april
tesla shares dropped by 98 byd one of china's largest sellers of new energy vehicles was not
affected by the country's widespread lockdowns byd maintained its market dominance in april selling
a record 106 000 vehicles analysts attribute byd sales resilience to its vertical integrated supply
chain which has made the company less vulnerable to supply chain disruptions during china's coveted
lockdowns while competitors had to reduce production due to chip and battery shortages
so what is this blade battery finn dreams battery a subsidiary of chinese manufacturing company byd
designed to manufacture the blade battery a type of lithium iron phosphate battery for electric
vehicles the blade battery is 96 centimeters long and nine centimeters wide in a single cell battery
with a unique design that can be arranged in an array and inserted like a blade into a
battery pack it varies in length and thickness when compared to conventional lithium iron
phosphate block batteries the battery pack space utilization is increased by more than 50 percent
the driving range of electric vehicles outfitted with the blade battery can exceed 600 kilometers
the blade battery emitted no smoke or fire after being penetrated in the nail penetration test
a battery industry stringent safety test and its surface temperature reached only 30 to 60 degrees
celsius it is currently the world's only power battery that can safely pass the test furthermore
it passed an extreme safety test in which it was rolled over by a 46-ton heavy-duty truck
other extreme tests that the blade battery passed included being crushed bent heated in a furnace to
300 degrees celsius and overcharged by 260 percent none of these caused a fire or an explosion
buyd officially launched the blade battery in 2020 and it has significant advantages over
ternary lithium batteries and traditional lithium iron phosphate batteries in terms of high safety
long range enduring longevity ultra strength and high power to address users concerns about the
safety of ev power batteries starting in july 2021 byd only used the blade battery in all of
its pure electric passenger vehicles so which is better byd's blade battery or tesla's 4680 battery
to begin with the top level of the energy density of the byd blade battery after the entire package
is 150 watts per kilogram the energy density of tesla's 4680 battery is 300 watts a kilogram
second every 447 million kilometers traveled by a domestic new energy vehicle
a fire accident occurs tesla will have one fire accident for every 280 million kilometers driven
furthermore the blade battery can be charged and discharged more than three thousand times
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