The BYD Tang, which is powered by the Blade Battery, has a single-charge range of 505 kilometres (NEDC) and accelerates from 0 to 100 km/h in under 4.6 seconds. Although BYD is a supplier of batteries to Tesla, the two companies are still competitors. To avoid going up against Elon Musk's electric upstart, Berkshire Hathaway, which is managed by Warren Buffett, recently sold a sizeable portion of its stock in BYD. The new MP3 battery from CATL, which will go into production this year, may raise the bar despite the fact that the BYD battery is demonstrating some significant advancements. According to CATL, compared to its lithium-ion phosphate batteries, the M3P battery, which is based on innovative materials technology, will have a higher energy density and perform better. The M3P battery has more manganese than the upgraded LFP cell, but otherwise is comparable.