BYD will supply batteries to tesla for electric vehicles

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BYD is the world's largest manufacturer of fleet vehicles, which includes electric vehicles as well as plug-in hybrids, is trying to provide the batteries for other car makers, including Toyota.

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China's BYD is in the process of supplying Tesla Inc with batteries "very soon".

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Lian Yubo said : "We are now good friends with Elon Musk because we are preparing to supply batteries to Tesla very soon,"

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In 2020, BYD officially launched its Blade battery, a less bulky lithium-iron-phosphate (LFP) battery ...

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That its Chairman Wang Chuanfu believed to be safer than other alternatives in the market and would not catch fire.

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Chinese battery manufacturer CATL is the only provider to LFP battery to Tesla who has been installing the batteries into vehicles built at the Shanghai plant since 2020.

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Tesla revealed that more than 50% of the vehicles it built in the first quarter of the year were fitted with LFP batteries.

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A lower cost alternative to nickel and cobalt batteries that are prevalent across the West.

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Panasonic along with LG Energy Solutions are the principal suppliers of nickel and cobalt-based cell to Tesla.

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