BYD says it will launch new generation of blade batteries next year

BEIJING (Reuters) - China's electric vehicle giant BYD (SZ:002594 ) said it will launch a new generation of blade batteries in 2025, Chinese state media CGTN reported on Saturday.

BYD's Blade Battery is a less bulky lithium-iron-phosphate battery that its Chairman Wang Chuanfu has said is safer than other alternatives in the market and will not catch fire.

Source: Investing.com