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.
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.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.