Byd Co Ltd (BYDDY)

[JJ8]

Tesla is reportedly going to buy BYD’s new ‘blade batteries’ in an unlikely partnership

Electrek’s Take

"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".