BYD began as a battery manufacturer, which has given it an advantage in the production of EVs. In China, the company’s “blade lithium iron phosphate battery packs” are regarded as a known quantity. These are said to be more energy dense and resistant to overheating, and BYD utilises them in their EVs and PHEVs.
With superior battery packs and a reduced price tag, it’s no surprise that BYD is outselling its competitors — accounting for more than a third of the 6.4 million so-called “new energy vehicles” delivered in China in 2022. For the time being, Tesla is the undisputed king of all-electric vehicles, but BYD indicates that this might change shortly.
