Core Viewpoint - BYD has officially entered the low-speed electric vehicle battery market by launching lithium iron phosphate batteries specifically designed for two-wheeled and three-wheeled vehicles, which is expected to reshape the competitive landscape of the battery sector for electric bicycles and scooters [1][3]. Summary by Sections Product Launch - BYD held a global launch event for its small-capacity power batteries, introducing a range of lithium iron phosphate batteries for two-wheeled and three-wheeled vehicles, with a total of 32 models planned, of which 8 to 9 models are already available [2]. Product Advantages - The new batteries have three core advantages: 1. They are all based on lithium iron phosphate technology, utilizing automotive-grade cells, Battery Management Systems (BMS), and manufacturing processes, making them safer and more durable. 2. They come with a long warranty period, offering 5 years of coverage, including 3 years of replacement and 2 years of repair services. 3. The batteries support 2000 complete charge and discharge cycles, with a lifespan of 8 to 10 years under normal usage conditions [2]. Market Impact - With BYD's entry into the low-speed electric vehicle battery market, it is anticipated that the competition in the battery sector for electric bicycles and scooters will be significantly altered, particularly in comparison to traditional lead-acid batteries, which are less durable and safe [3]. Partnerships - BYD has established partnerships with several two-wheeled and three-wheeled electric vehicle brands, including Xinri, Huaihai (Zongshen), LIMA, Tailin, and Jinpeng, to provide battery solutions [2].