The companies will work together to develop BYD batteries that can achieve the same lifespan as two-wheeler bodies, TAILG said.
BYD (HKG: 1211, OTCMKTS: BYDDY) has partnered with Chinese electric two-wheeler maker TAILG Technology Group to use its battery technology beyond electric vehicles (EVs).
TAILG announced the partnership at a product launch yesterday, becoming the first major manufacturer in the electric two-wheeler space to partner with BYD.
The two companies will work together to address the challenges faced by two-wheeler batteries and collaborate on the development of BYD batteries that can achieve the same lifespan as two-wheeler bodies, TAILG said.
The two will utilize cloud-based big data to create a cloud-based safety system to improve the safety of electric two-wheelers, according to an announcement by TAILG.
BYD and TAILG will also focus on improving the safety of the batteries themselves, especially in their structure, according to TAILG.
Founded in 2003, TAILG is one of the largest manufacturers of electric two-wheelers in China.
The company currently has more than 30,000 sales outlets and its products are sold in more than 90 countries and regions, according to its website.
BYD's battery business is operated by subsidiary FinDreams, which has been working on lithium-ion batteries since 1996 and has nearly 30 years of experience and technology.
After rapid growth over the past few years, BYD has become the world's second-largest power battery maker for EVs.
In the January-September period, BYD's share of the global EV battery market was 16.4 percent, second only to CATL's 36.7 percent, according to SNE Research, a South Korean market research firm.
China's electric two-wheeler ownership reached 350 million units, and their production was 42.28 million units in 2023, according to data released on April 7 by China's Ministry of Industry and Information Technology.
Electric two-wheelers have brought convenience to Chinese residents' daily mobility, but fires have occurred from time to time. A total of 21,000 electric two-wheeler fires were reported in China in 2023, a 17.4 percent increase compared to 2022.
In the early morning of February 23 this year, a fire broke out in a residential building in Nanjing, Jiangsu province, killing 15 people and injuring 44 others. Local fire authorities said the accident was triggered by a fire in the building where electric bicycles were parked.
The accident brought the safety of batteries in electric two-wheelers back into the spotlight. FinDreams said at the time that its management and development teams held a meeting to explore safety solutions for two-wheelers.
FinDreams will apply its research and development results from passenger cars to the two-wheeler segment and increase its investment in research and development in the two-wheeler industry, the company said in a February 25 statement.
The company would collaborate with other parties to develop safe batteries that can be placed indoors in buildings, FinDreams said.
CATL, BYD dominate global EV battery shipments with combined 52.2% share in Q3