BYD unveils new blade EV battery and plans to sell EV parts

Chinese electric vehicle and battery manufacturer, BYD, has taken a bold move to sell electric vehicle parts to rivals in the wake of the Covid-19 outbreak. It has launched a battery which meets safety standards with a new Blade lithium iron phosphate electric vehicle (EV) battery.

Electric vehicle sales have been on a downturn in China since July 2019, the largest market for zero emissions cars by volume in the world. While the slump was initially sparked by a pulling back on government subsidies to purchase EVs. the more recent spread of the deadly Coronavirus has worsened the fall.

Its latest expansion is into the EV parts market, under a new sub-brand called FinDreams which will have five main auto parts subsidiaries encapsulating FinDreams Vision, FinDreams Technology, FinDreams Moduling, FinDreams Battery, and FinDreams Powertrain, according to the China Daily. BYD will open its technology and products to the whole world.