Tesla is reportedly going to buy BYD’s new ‘blade batteries’ in an unlikely partnership
"For those of you who have been following Tesla for a long time, you’d probably think that this is an unlikely partnership.
If it’s true, of course. I would still classify that as a rumor, but it looks likely since BYD is not denying it.
Years back, Elon Musk was asked about what he thinks of BYD, and the CEO literally just laughed at them:
But that was a long time ago, and BYD is still alive and strong today.
BYD also builds electric trucks, buses, and it produces battery cells. But their electric consumer vehicles are not necessarily their strongest asset.
While Tesla has recently started using LFP chemistry in its vehicles in China, it would a big change for the automaker to use this new cell format.
However, it does enable a cell to pack technology and we know this is something Tesla is trying to do with its new 4680 cell and structural battery pack technology.
But the format is completely different here.
Yesterday, we reported that people should temper their expectations about Tesla’s upcoming $25,000 electric vehicle as rumors are stating that it could go into production early next year.
We noted that Tesla is going to need a lot of cheap battery cells to make that happen. Maybe those cells could be it, but that’s just speculation at this point".
Byddy share price Triple Top Breakout today on 28-July-2023; I remember I bought my shares when share price was about $61. Today it is about $70
That's about a 15% profit in few months. Let's see what the breakout can add to this.
I'm mo mo giddy about byddy. GLTA
Cheers & GLTA
My Byddy is making me giddy already. GLTA
Byd Co Ltd shares Ascending Triple Top Breakout today on 10-May-2023
Tesla is said to have entered into an agreement to buy BYD’s new “blade batteries” in a partnership that not many people would have predicted.
Didn’t Idex just sign a deal to buy vehicles from byd?
Is byd the only company making electric buses?
I guess electric public transportation buses aren't sexy enough for them.
The money these and other EV stocks have made for me is damn sexy!
Great move today with little volume. When will people start noticing this battery/EV company?
BYDDY buy 37.97
China's answer to Tesla and others...
action will speak for itself. If EVs are affordable, mass population will buy, and EVs do not need to be luxurious as long as they are affordable for the general population.
Of course it can challenge TSLA and NIO
BYD Co Ltd is a Chinese manufacturer of automobiles and rechargeable batteries based in Shenzhen, Guangdong province.
Hailed for its innovations, BYD has grown to become a major manufacturer of rechargeable batteries, most notably mobile phone batteries.
BYD topped the 2010 Bloomberg Businessweek Tech 100 list, a list of large, fast-growing tech companies.