Chinese automaker has reached preliminary intentions to supply "blade battery" to Hyundai Motor Group and has set up a project team for this, reported Tuesday, adding that delivery is expected to start next year.

The report quoted BYD's board secretary as saying, "We do not rule out the possibility of future cooperation with Hyundai."

BYD unveiled the blade battery in March 2020 and unveiled Han, BYD's flagship new energy sedan that was the first to carry the blade battery, in July.

BYD will also supply the "blade battery" to FAW and Hongqi, with the batteries to be installed in two companies' vehicles in the second half of the year, reported last week.

Some models of Hongqi's new all-electric E-QM5 will be powered by lithium iron phosphate batteries made by Chongqing FinDreams Battery Factory, the same batteries that were used in BYD's "Han" model released in March 2020.

BYD Blade battery is another innovation of BYD based on lithium iron phosphate technology, with the advantages of safety, long life and long range.

The blade battery's volume energy density is the same as those of mainstream ternary lithium batteries, with similar stored power in the same volume, but the safety performance of the blade battery is far beyond that of the ternary lithium batteries.

BYD is expanding its blade battery production capacity by setting up Chongqing FinDreams Battery and establishing factories in Shenzhen, Xi'an, Qinghai, Chongqing, Changsha, Guiyang and other places. The Chongqing factory of FinDreams Battery, which produces Hongqi "blade battery", is the first factory of "blade battery" in the world.

(Source: BYD)