BYD to supply EV batteries to automaker Ford Motor

FordEvos

China-based electric vehicle (EV) maker BYD will supply EV batteries to automaker Ford Motor, a document on the website of the Ministry of Industry and Information Technology showed on Monday.

Ford’s China venture with Changan Automobile is seeking government approval to build a plug-in hybrid model equipped with BYD’s batteries.

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

Shenzhen-based BYD, which is backed by U.S. investor Warren Buffett, said it would supply EV components including batteries and power management devices.

The Dearborn, Michigan-based automaker said last year it planned to launch more than 30 new or significantly redesigned models in China by the end of 2021, of which over a third will be electric vehicles.