A founder and CEO so confident in his product that he would go as far as to ingest electrolyte fluid to prove it’s value certainly would have no fear of partnering up with foreign competitors. This seems to be the case as several deals are being considered for Chinese automaker BYD to license it’s iron-phosphate technology to automakers in both Europe and North America. Germany’s Volkswagen is among those being considered as BYD executives will soon travel to VW’s headquarters in Germany to demonstrate the technology. “BYD is willing to cooperate with foreign automakers on iron battery development,” said BYD sales manager Wang Jianjun.
BYD is currently in the process of developing a line of their own battery electric vehicles. They’re incredible success and potential to revolutionize the battery industry with their iron-phosphate batteries has generated significant investments from none other than Warren Buffett. Iron-phosphate is seen by some as a lower cost and even more eco-friendly alternative to lithium-ion batteries. However with lithium-ion so far out in front of the relatively newer iron-phosphate technology; any opportunity to get their product out to the masses will likely be considered by BYD.
Category: Battery News