Tesla Rival BYD Unveils New Battery Tech Promising 10,000-Cycle Lifespan, Eyes Solid-State Production By 2027

benzinga_article
2026.02.09 08:51
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BYD has announced advancements in its Sodium-ion and solid-state battery technologies, promising a lifespan of 10,000 charging cycles. The company aims for small-scale production of its solid-state batteries by 2027, which will offer faster charging times. Despite these innovations, BYD's stock has recently declined due to a 30% drop in sales in January. Additionally, BYD is reportedly in discussions with Ford for battery supply as EV demand slows in the U.S. market. Meanwhile, Tesla has achieved a breakthrough in battery chemistry with its dry electrode process, enhancing energy density and manufacturing efficiency.