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Byd Statements on Solid State Battery Plans: “We’ll Have What Others Have” - Hybrids and Electrics
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There are currently two philosophical currents in terms of batteries for electric vehicles. On the one hand lithium-ion or ternary (NCM) batteries. On the other hand, lithium ferrophosphate (LFP) batteries. Although the importance of lithium is evident, each one has advantages and disadvantages. BYD dominates the world market for LFP batteries, placing itself as the second largest manufacturer in the world behind CATL. The future, as dictated by…
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