BYD and Ford are in discussions on a partnership in which the American carmaker would buy batteries from the Chinese auto company for some of Ford’s hybrid-vehicle models, reports the Wall Street Journal, citing people familiar with the matter.
The two companies are still discussing how the arrangement would work. One idea is that Ford would import batteries from BYD to Ford’s factories outside the US, some of the people said. Talks remain ongoing and it is possible a deal won’t materialize, they added.
The tie-up, if completed, would pair Ford with the largest Chinese car company that has struck fear in much of the US auto industry over its ability to produce affordable models that carry sophisticated technology.