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Buffett-backed BYD to supply EV batteries to Ford

Jun 01, 2020 - Nasdaq

BEIJING, June 1 (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. This marks BYD's first-known battery supply deal with a major glo...