Chinese Carmaker SAIC To Purchase BYD Batteries
Shanghai -- Chinese battery and electric car maker BYD Co has reached an agreement with Shanghai Automotive Industry Corp (SAIC) to supply the automaker with lithium-ion batteries for hybrid vehicle productions, The Beijing News reports Tuesday, citing source from SAIC.
The source said SAIC would purchase BYD's lithium-ion batteries to power its own brand Roewe hybrid vehicles.
Wang Jianjun, sales manager of BYD Auto, said a day earlier that BYD did sign contract with one of China's major automakers but he declined to reveal the identity of the partner.
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