BYD reached a 50% market share in LFP batteries, surpassing CATL in April

In April 2022, the total power battery production capacity reached 29GWh in China, a year-on-year increase of 124.1% and a month-on-month decrease of 26.1%, according to the China Industry Technology Innovation Strategic Alliance for Electric Vehicle (CAEV). Out of the 29GWh total capacity, 13.3GWh were installed on electric vehicles, a year-on-year increase of 58.1% and a month-on-month decrease of 38.0%.Source: CAEVIn April, BYD surpassed CATL to rank first with 4.19GWh of lithium iron phosphate batteries (LFP) installed on electric vehicles, accounting for 47.14% of the LFP market share. BYD’s Blade battery cells are designed based on LFP battery cells. BYD claims Blade batteries are the safest solution for EVs as they almost can’t catch fire, even if damaged.LFP battery is known for its low cost and safety, but its low-temperature performance and energy density are poor….

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