2 1 Shi Ji Jing Ji Bao Dao·2026-01-12 23:03Core Insights - BYD has surpassed Tesla in pure electric vehicle sales for the first time in 2025, achieving a total of 2.2567 million units sold, representing a year-on-year growth of 27.86% [1] - The foundation of BYD's success lies in the development of lithium iron phosphate (LFP) batteries, which were initially considered unsuitable for electric vehicles but have been revitalized through BYD's blade battery technology [1][2] - The strategic decision to focus on LFP batteries was driven by safety concerns and the desire for resource independence, as LFP materials are more abundantly available in China compared to cobalt and nickel used in ternary batteries [2][3] Battery Technology Development - BYD began exploring LFP technology in 2002, with a focus on safety following global recalls of lithium-ion batteries due to overheating issues [2][3] - The company launched its first plug-in hybrid model, the F3DM, in 2008, which utilized self-developed LFP batteries, marking its entry into the consumer market [3] - Despite initial market challenges and a shift towards ternary batteries, BYD maintained its commitment to LFP technology, culminating in the development of the blade battery, which significantly improved energy density and safety [4][5] Market Position and Strategy - In 2019, BYD faced significant challenges, including a market downturn and internal doubts about the viability of LFP batteries, leading to a strategic pivot towards passenger vehicles and the refinement of LFP technology [6][12] - The "Qinghai Conference" in 2018 was a pivotal moment for BYD, where the core team reaffirmed their commitment to LFP batteries, emphasizing safety and cost as key priorities [12][13] - BYD's blade battery, introduced in 2020, showcased superior safety features and contributed to a resurgence in sales, with 2021 sales exceeding 600,000 units [5][6] Future Directions - BYD plans to continue investing in LFP battery research and development, prioritizing safety and efficiency as the industry moves towards longer-range electric vehicles [6][20] - The company is also focusing on enhancing charging speeds and addressing challenges related to low-temperature performance, with the introduction of the "megawatt fast charging" technology [6][20] - Upcoming regulatory changes are expected to raise safety standards across the industry, which may further solidify BYD's position in the market as it has already met new safety certifications [21]