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BYD and other manufacturers are eating Tesla's lunch in a big way. All this competition is great news for EVs.

1000 km batteries will be available in a few months time.
https://www.drive.com.au/news/byd-to-introduce-new-second-gen-1000km-battery-technology/

BYD will introduce its second-generation ‘blade’ battery pack – with enough range to drive an electric car from Sydney to Melbourne on a single charge – as soon as August 2024.

The new technology will usurp the introduction of solid-state batteries with a similar claimed range by the world’s largest car maker, Toyota, currently planned for 2026 at the earliest.

BYD Chairman Wang Chuanfu revealed details of the second-generation ‘blade’ lithium-ion phosphate (LFP) battery technology during a recent finance conference, according to Chinese website Fast Technology.

The new battery will be lighter, smaller and more efficient than BYD’s first-generation LFP batteries – introduced in 2020 and used in current BYD electric cars sold in Australia – with as much as 190kWh density enabling up to 1000km range (CLTC, or China Light-Duty Vehicles Test Cycle).