Chinese lithium ion battery cell and automaker BYD has reached Benchmark’s top tier EV battery cell manufacturer status joining CATL, Envision AESC, LG Energy Solution, Panasonic, Samsung, and SK Innovation as a tier one cell manufacturer.
BYD is only the second Chinese lithium ion cell producer to reach the top tier after CATL, marking the first battery producer to be promoted since March 2020.
The company’s promotion to the top tier comes as it officially begins to distribute its cells to other OEMs through its commercial battery arm Fudi Battery (Fudi).
Prior to Fudi’s formation in 2020 . . .