Exclusive-China's Nio turns to rival BYD to power new EV brand, sources say

SHANGHAI - China electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete with Tesla, three sources with direct knowledge of the matter said.

When contacted by Reuters, Nio said the information was "inaccurate" and did not elaborate. CALB declined to comment while CATL and BYD did not respond to requests for comment. BYD has been renovating production lines for battery packs to supply Onvo at its plant in Wuwei in eastern Anhui province, one of the people said.An Indian woman accused her husband of forcing her to have ‘unnatural sex.’ A judge said that’s not a crime in marriage

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BYD Shares Face Earnings Test as China’s EV Price War Heats Up(Bloomberg) -- After getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

BYD Shares Face Earnings Test as China’s EV Price War Heats UpAfter getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits.
출처: BNNBloomberg - 🏆 83. / 50 더 많은 것을 읽으십시오 »