This strategic move aligns with the broader industry trend of vertical integration, where companies seek to control key aspects of the supply chain, from raw material extraction to finished product manufacturing.
BYD advances solid-state battery technology
In a separate development, BYD has achieved significant progress in solid-state battery technology.
At the China All-Solid-State Battery Innovation and Development Summit Forum, Sun Huajun, Chief Technology Officer of Shenzhen BYD Lithium Battery, revealed that the company has successfully produced 60Ah all-solid-state batteries from its pilot production line.
BYD plans to begin mass demonstrations and installations of solid-state batteries around 2027, with large-scale commercialization expected after 2030.
Solid-state batteries offer significant advantages over conventional lithium-ion batteries in terms of energy density, safety, and longevity. They are expected to increase the efficiency and adoption of EVs.