On March 26, Wang Chuanfu, chairman and President of Byd Company Limited(002594) board of directors, said at the forum of China electric vehicle hundred people's Congress that safety is the cornerstone of the development of new energy vehicles, and cost is an important indicator that must be faced. When the mileage exceeds a certain threshold, the importance of power battery energy density is decreasing, and the most important indicators may become safety, cost and cycle life.
Wang Chuanfu also proposed that lithium iron phosphate batteries do not contain rare metals, which better match the affordability of social resources, and should be adhered to as the correct development path.
