Core Viewpoint - The discussion around battery technology has intensified, with BYD's commitment to lithium iron phosphate (LFP) batteries being emphasized as a safe and reliable choice for electric vehicles [1][2] Industry Insights - The Chinese electric bus sector has seen significant advancements over the past 15 years, with a notable safety record attributed to the widespread use of LFP batteries, which have minimized incidents of electric vehicle fires [1] - The market for LFP batteries has experienced substantial growth, with a cumulative installation of 493.9 GWh from January to September this year, marking a 42.5% year-on-year increase and surpassing an 80% market share, establishing LFP as the dominant choice for electric vehicle power sources [2]