2020 is shaping up to be the year Chinese EV batteries broke through, despite the effects of the Covid-19 pandemic.

US EV giant Tesla has deepened its ties with China’s biggest battery maker to launch a locally-built Model 3 with an expected 20% reduction in battery cost. German automaker Volkswagen, poised to compete with Tesla in EVs, recently became the first global carmaker to invest in a Chinese battery supplier. Meanwhile, several auto majors have their eyes set on BYD’s new fire-resistant “blade battery.”

In these partnerships, lithium iron phosphate (LFP) batteries, which Tesla and its challengers once shunned for their low energy density, are gaining favor for their low price and improved performance.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen