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BYD unveiled a second-generation Blade Battery in March 2026 that restructures graphite particles into an upright orientation, giving lithium ions a shorter, more direct path into the anode. Combined with a modified electrolyte and a 1,500kW Flash Charger, BYD says the battery can go from 10 to 70 percent charge in five minutes and reach 97 percent in nine minutes.
A Wood Mackenzie analysis finds sodium-ion battery technology moving into commercial production, with more than 70 GWh in supply agreements already signed across China, the US, Germany and India. Cell-level cost parity with LFP batteries is projected by late 2026, though module and system-level parity won't arrive until after 2030. China leads commercialization, with BYD targeting 30 GWh of capacity and CATL aiming for over 1 GWh in shipments by end-2026.
BYD reported selling more battery-electric and plug-in hybrid vehicles in a single month than the total number of EVs sold across the entire United States in a quarter. The comparison highlights the scale gap between China's leading EV maker and the broader US electric vehicle market.
BYD reported selling 305,743 battery electric vehicles in October, a monthly record and a 37% year-over-year jump, as part of 490,168 total new energy vehicle sales for the month. That EV figure alone exceeds the roughly 262,500 EVs sold across the entire US in the third quarter, according to Kelley Blue Book estimates cited in the report. BYD also exported 170,194 vehicles in October, part of a push into Europe, Southeast Asia, and Latin America.
Porsche reported operating profit of €1.74 billion for the first nine months of 2026, up sharply from €40 million a year earlier when results were hit by roughly €2.7 billion in restructuring costs. Revenue fell 5.9% to €25.28 billion and deliveries dropped 16% to 178,532 vehicles, with North America remaining its top market by volume. CFO Jochen Breckner said the company has significantly cut its reliance on China, a market facing intensifying competition from domestic brands like BYD, Geely and Xiaomi.
Greenvolt Power has commenced construction of a 600 MW/2.4 GWh battery energy storage system in Siedlce, Poland, with plans to start commercial operations by late 2027. The project will utilize BYD's battery technology and connect to the national grid via new infrastructure, enhancing grid flexibility and supporting renewable energy integration. Once completed, Greenvolt's total battery capacity in Poland will reach 1 GW with 4 GWh of storage, strengthening its role in balancing renewable power supply and demand.
Tesla has increased the number of its driverless Cybercab vehicles authorized for commercial service in Texas to nearly four times the count at launch a month ago. Riders have reported issues including long wait times, incorrect pickup and drop-off locations, and malfunctioning butterfly doors and trunks since the September 3 debut in Austin.
BYD Executive Vice President Stella Li said the company is in a "leading position" on solid-state battery technology and will release its first vehicle using the tech in 2027. This aligns with earlier statements from BYD battery subsidiary FinDreams, which said mass production of sulfide-based solid-state batteries would follow around 2030, with lithium iron phosphate batteries still used alongside them in lower-tier models.
Geely Automotive announced a new AI-driven charging system paired with a smart-charging station capable of 2,250 kilowatts peak power. The company said tests on a Zeekr 001 and a Lynk & Co 10 reached 97% charge in under nine minutes, with software predicting battery temperature to adjust power flow in real time.
BYD's Hong Kong shares dropped nearly 5% after the company reported first-half net profit down 20.5% to 12.3 billion yuan and revenue down 7.1% to 344.8 billion yuan, even as second-quarter profit rose 30% year-over-year. The automaker cited weak domestic demand, intense price competition, and higher costs for commodities and chips squeezing margins, though overseas exports jumped 67.8% to 792,000 vehicles.
Xpeng's robotics division closed a funding round exceeding $900 million, valuing the unit at over $6.3 billion, in what the company calls China's largest-ever private financing for embodied AI. IDG Capital led the round with backing from Gaorong Ventures, Tencent and Alibaba, while Xpeng founder He Xiaopeng and co-president Brian Gu personally contributed roughly $100 million. Other Chinese automakers—including BYD, Chery's AiMOGA unit, Changan, GAC, Li Auto, SAIC and Seres—are also building or preparing to spin off humanoid robot programs.