Nio & BYD consider battery supply collaboration
Teslarati
MAY 7, 2024
Chinese automaker Nio and BYD are considering a battery supply collaboration. Nio is turning to BYD batteries for its new affordable electric vehicle (EV) brand. On the other hand, BYD’s collaboration with Nio will help expand its revenue. The new EV brand will be called Onvo in English and Ledao in Chinese.
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