Buffet-backed China EV BYD has made frequent moves recently.
- BYD was reported that the new pure electric compact car in cooperation with Toyota will be launched at the end of 2022.
- Furthermore, BYD and the autonomous driving start-up Momenta established a $15.7 million joint venture. Jan 2022 BYD was officially announced with Shenzhen Airport to establish the first electric airport express bus team in China.
- All the actions declare to the world BYD’s determination to develop EV. Earlier, a brand new plan was also revealed.
According to Xchuxing report, the latest customers of BYD and its battery business company FinDreams Battery may be SAIC Motor and General Motors.
A leaked photo shows that FinDreams Battery is suspected of having awarded a special award to two of its employees to contribute to a new project in the future. The partner of this new project is Pan-Asia PHEV. Pan-Asia Technical Automobile Center was founded on June 12, 1997, by General Motors and SAIC as China’s first Sino-foreign joint venture automotive design and development centre.
This means FinDreams Battery may supply batteries for SAIC General Motors’s plug-in hybrid models.
BYD’s power batteries are not only supplied to the company’s own production models, but also externally. BYD ranked only behind another major battery maker, CATL, last year, securing its place as China’s second-largest battery maker in 2021.
BYD stands out among related industries with its iconic blade battery based on lithium iron phosphate technology. The blade power battery designed by BYD has the advantages of high energy density per unit volume, low material cost and high safety level.
