Daiwa: BYD's second-generation blade battery will bring more positive factors

Daiwa published a research report stating that BYD (01211.HK) has launched its second-generation blade battery and flash charging technology, further enhancing low-temperature performance and providing more details on other specifications such as range and battery life. The firm believes that the new generation blade battery will bring more positive factors to the company and has given it a "Buy" rating.

The firm quoted BYD as saying that the company plans to build 20,000 flash charging stations by the end of this year, with 18,000 located in urban areas and 2,000 along highways, expected to cover one-third of the highway transportation network. These flash charging stations will be open for use by other automakers. The construction plan for flash charging stations in overseas regions is also expected to be completed by the end of this year