The second stage of renewable energy
Interview: BYD started producing rechargeable batteries in 1995 and got into manufacturing electric vehicles after purchasing an automobile company in 2003. BYDs lithium iron phosphate batteries power cars, buses, and forklift trucks as well as energy storage solutions. Tom Zhao, General Manager of BYD Solar, talked with pv magazine about the companys strategy and the markets for energy storage and electric vehicles.
pv magazine: Can you tell me about BYD’s manufacturing plans for its iron phosphate batteries? Tom Zhao: Lithium iron phosphate is now becoming the core component for electric vehicles and for electric storage. The current capacity is 2 GWh annually, so this is far behind market demand because of growth in both the electric vehicle …
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