BYD Co to supply EV batteries to Ford Motor Company

BYD Co Ltd, will provide EV batteries to U.S. automaker Ford Motor Co, according to a document on the website of the Ministry of Industry and Information Technology.

This marks BYD’s first-known battery supply deal with a major global automaker.

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Backed by US investor Warren Buffet, Shenzhen-based BYD said it’d supply EV components including batteries and power management devices.

The Dearborn, Michigan-based automaker, Ford said  in 2019 that, it planned to introduce over 30 new or significantly redesigned models in China by the end of 2021, of which over a third will be electric vehicles.

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