South Korean media: BYD is about to launch the next-generation blade battery, putting pressure on South Korean companies!
On March 2, the South Korean media "Today's Digital" published an article stating that the Chinese company BYD, which mainly focuses on electric vehicles with lithium iron phosphate (LFP) batteries, is about to unveil a new generation of batteries. This will put greater pressure on later entrants, forcing them to launch more competitive products.
It is reported that BYD will launch the second-generation blade battery at its press conference on the 5th.
According to BYD, the second-generation blade battery has made significant improvements in performance compared to the first-generation battery's energy density of 140 to 150 Wh/kg. It is reported that this long-shaped battery has an energy density of 210 Wh/kg, which is considered the highest performance level for lithium iron phosphate batteries.
The battery cost is expected to decrease by 15%, and the vehicle will be able to undergo 3,000 charge-discharge cycles, with a range of up to 1.2 million kilometers.
BYD announced that the maximum range of its second-generation blade battery electric vehicle under the China Light Vehicle Test Cycle will reach 1,000 kilometers.
For South Korean companies that have recently entered or are about to enter the lithium iron phosphate battery market, the pressure is expected to increase.
South Korean companies have traditionally focused their technology research and development and business focus on high-energy-density ternary batteries. However, in recent years, lithium iron phosphate batteries have become the mainstream product in key markets such as electric vehicles and energy storage systems due to their cost-effectiveness, making it difficult for South Korean companies to ignore this market.
Therefore, South Korean companies are implementing a strategy to ensure performance advantages by increasing technological strength, rather than relying on price competitiveness, which is the advantage of Chinese industry.
However, with BYD, which holds an important share in the global electric vehicle market, launching a lithium iron phosphate battery with better performance and lower prices, the requirements for price and performance of lithium iron phosphate batteries in the electric vehicle industry are expected to further increase.
Original: toutiao.com/article/1858551248179268/
Statement: This article represents the views of the author.