Bloomberg Businessweek BYD Is Winning the Global Race to Make Cheaper Electric Cars
Oct 17, 2024
Guest
Aaron Kennon
Guest
Jared Dillian
Guest
Francisco Gomes Neto
Guest
Aparna Khurjekar
Guest
Gabrielle Coppola
Gabrielle Coppola, a Bloomberg News Auto Reporter, reveals how BYD is taking the electric vehicle market by storm, despite challenges from the U.S. Aparna Khurjekar discusses insights from the State of Small Business Survey, highlighting tech's role in innovation. Francisco Gomes Neto of Embraer shares growth strategies amidst competitor hurdles in aviation. Jared Dillian offers market investment tips, while Aaron Kennon weighs in on rate paths and volatility, providing a comprehensive look at current economic dynamics.
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How BYD Built Cheaper Electric Cars
- BYD achieved lower costs through vertical integration and long-term battery R&D using LFP chemistry.
- The company commercialized the blade battery and scaled manufacturing to outperform many competitors.
Battery Chemistry Choice Matters
- BYD chose lithium iron phosphate (LFP) batteries for safety and stability over nickel chemistries.
- That chemistry reduced fire risk and enabled wider use in mass-market vehicles.
Museum Nail Test And Apple Collaboration
- Gabrielle describes BYD's museum demo where a robot arm nails a blade battery; the nickel cell explodes and the BYD cell survives.
- She also recounts BYD's collaboration with Apple on battery work that influenced BYD's blade development.