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Nowadays, the automotive industry in our country is developing very well. Many people no longer only value foreign cars as before when buying cars, but more often consider their own domestic cars. In fact, domestic cars in our country have become better and better in recent years, and new energy vehicles are also developing rapidly. So, among domestic cars, What is the difference between the batteries of BYD New Energy, a well made brand, and Tesla, a well made brand abroad? Insiders may inadvertently tell the truth.

Because many countries around the world are advocating for the replacement of traditional fuel vehicles with new energy vehicles, and as a world power, our country naturally cannot fall behind. Regarding the current new energy vehicles, many industry insiders in our country are actively recommending and confirming the announcement of a ban on the sale of fuel vehicles, because fuel vehicles are not a long-term solution, as the use of fuel not only causes significant pollution, but also, Moreover, the fuel used in fuel powered vehicles is also a non renewable resource, and there will be a day when it will be used up sooner or later. Therefore, as visionary manufacturers, they are actively developing new energy vehicles. However, currently, most new energy vehicles mainly use electricity. Since electricity is used as power, the first thing to consider is the battery life. If the battery life is not good, it is difficult to develop, So what is the difference between BYD and Tesla's batteries?

Insiders casually tell the truth: First of all, a Tesla battery uses a lithium cobalt oxide battery. This type of battery has both advantages and disadvantages, with the advantage being its strong storage capacity. This car has a stronger storage capacity than ordinary batteries, which can increase the vehicle's range without adding any additional body weight. However, this type of battery also has a disadvantage of being relatively expensive, That is to say, why does Tesla's vehicle have a high range and the reason for its high cost.

On the other hand, BYD uses lithium iron phosphate batteries, which have a lower range than Tesla's cobalt oxide lithium-ion batteries and low battery storage capacity. As a result, manufacturers need to add a large number of new batteries, resulting in a significant increase in the overall weight of the vehicle. However, compared to Tesla's batteries, the cost of this type of battery is relatively low. Therefore, many new energy vehicles in our country use this type of battery, Although the energy density and storage capacity of such batteries are not very good, they can save costs and lower the selling price of the vehicle, which is a good way to save costs. It is not difficult to see that the new energy vehicle market in China is still showing a rapid upward trend, and driven by supportive policies, the new energy vehicle market can be said to have a bright future.

Therefore, companies from all walks of life are eyeing new energy vehicles. News of new forces in the automotive industry, cross-border integration, transformation and restructuring, including numerous affiliated companies, entering the new energy vehicle industry, is constantly emerging. Among them, Duofuduo Chemical Co., Ltd. (referred to as Duofuduo) is one of them.

As a traditional chemical industry company, Dofluoro (SZ: 002407) began its gradual transformation a few years ago, entering the new energy vehicle industry, supplying power lithium batteries to vehicle manufacturers, and announced its car manufacturing plan in 2013.

It was not until the acquisition of Red Star Motors in 2015 and obtaining entry qualifications that the company marked its transition from being a power lithium forklift battery supplier behind the scenes to participating in vehicle manufacturing on stage.

It is worth mentioning that after incorporating Red Star Motors into its portfolio, Duofuduo, like BYD, has become one of the few companies in China with synchronous research and development and production capabilities for both vehicles and batteries. However, it is evident that Red Star Motors and Multifluoro, which are unfamiliar with the manufacturing, sales, and management of passenger cars, still face significant challenges.

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