Audi is negotiating with BYD for the supply of batteries for electric vehiclesAugust 30, 2019
Audi is in talks with BYD to supply batteries for its electric vehicles amid a shortage that reportedly led the German automaker to slow down production of the E-Tron SUV.
Referring to sources familiar with this issue, Bloomberg reports that negotiations between Audi and the Chinese company are at an advanced stage, exploring options for deeper cooperation, which may include a new joint venture or a former purchase of a stake in a BYD battery pack.
The same sources note that BYD is also in talks with other automakers about a possible deal to supply batteries and that there is no guarantee that an agreement with Audi will ultimately be reached.
If both companies shake hands, the Chinese are expected to supply battery packs for electric models based on the VW Group Premium Platform Electric (PPE) architecture, such as the upcoming Porsche Taycan and the production version of the Audi E-Tron. GT.
It is reported that the VW Group is dealing with Samsung SDI battery problems in Europe after announced shipments fell to less than 5 gigawatt hours from just over 20. As a result, Audi had to rethink its plan for the E-Tron SUV, cutting production on its Brussels factory due to lack of battery.
This deal may also be beneficial for BYD, as it will help them find a larger competitor, CATL, which already supplies Audi batteries for its Chinese-only Q2L e-tron SUV. BYD is China’s leading New Energy Vehicles car manufacturer and has a joint venture with Daimler for the local Denza EV brand.
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