In contrast to Tesla’s luxury brand image, BYD impresses with affordable electric vehicles. In addition to the Chinese conglomerate’s race to catch up, there is another thing that is special: the company has far more patents than its gigantic competitor Tesla.
• Experts see BYD as the strongest competitor
• Around 16 times more patent applications than Tesla
• BYD patents target the battery
BYD patent applications
Michael Dunne is an expert in electric vehicles and CEO of the analysis company ZoZo Go, which focuses on electric mobility in China as well as Europe and the USA. In an interview with Business Insider, he explains that BYD has what it takes to dethrone Tesla and become the market leader for electric cars itself. The company’s commitment to battery production helps the company in this regard. The company itself also seems to have recognized this strategic advantage. Around 13,000 patents were applied for between 2003 and 2022, which is approximately 16 times the number of applications filed by competitor Tesla. However, with around 836 patents in the same period, the number is also unusually low, as patent attorney Hideto Kono reported in an interview with Nikkei Asia. According to him, a company the size of Tesla would register at least ten times as many patents.
Half of BYD’s huge number of patent applications is linked to the company’s battery technology. The battery is specifically manufactured. By the way, the company has powerful supporters, as none other than Warren Buffett is a long-term investor in BYD.
The special thing about the battery
The so-called blade battery from BYD is currently shaking up the electromobility market. According to the company, the battery is “the latest and safest battery technology for battery-electric vehicles that has been brought onto the market to date.” With a promised service life of more than 1.2 million kilometers, the company guarantees a guarantee of eight years or 160,000 kilometers. The secret behind the battery: the design combined with the use of a special lithium iron phosphate (LFP) composition. The company states that the design of the battery enables “high battery capacity while maintaining low energy density of the LFP cells.”
J. Vogel / editorial team finanzen.net
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