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Buffett-backed BYD to supply EV batteries to Ford

June 1, 2020

Via: Reuters

BEIJING (Reuters) – Chinese electric vehicle (EV) maker BYD Co Ltd (002594.SZ), (1211.HK) will supply EV batteries to U.S. automaker Ford Motor Co (F.N), a document on the website of the Ministry of Industry and Information Technology showed on Monday.

Ford’s China venture with Changan Automobile (000625.SZ) is seeking government approval to build a plug-in hybrid model equipped with BYD’s batteries, according to the document.

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