If this technology is applied to new energy vehicles, the range of BYD electric vehicles will be greatly improved.
Currently, my country has very limited reserves of cobalt, an element used in battery materials, accounting for only 1% of the world's total reserves, making its price subject to external control. However, my country has abundant reserves of manganese, another element used in new battery materials, which will help reduce costs. According to reports, the application of this new material will increase battery energy density from the current 90Wh/kg to 150Wh/kg, directly resulting in a significant increase in the driving range of electric vehicles.
The driving range of electric vehicles has always been their biggest bottleneck. The TSL Model S, which has recently garnered much attention in China, boasts a driving range of 500km thanks to its use of Panasonic's NXA ternary lithium battery. However, according to current reports, BYD's research on lithium iron manganese phosphate batteries has achieved an energy density comparable to ternary lithium batteries, and is also more economical in terms of cost.
