in the area of hybrid and electric car powered by lithium batteries as the management of Volkswagen
believes hybrid and electric vehicles will pay an increasingly important role in the future, especially in
China market. The German carmaker is the first major industrial partner for BYD. In March, BYD’s
chairman unveiled that his company was in talks to supply batteries to carmakers in Europe and US, but
he did not name them. Lithium-ion batteries are widely recognized as the technology that will ultimately
work, but it has been hindered by limited durability and over-heated concern. BYD believes it has
largely resolved the problems through its more cost-effective technology called iron-phospate-based
lithium-ion batteries.
Blogged with the Flock Browser
