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05 Jun
09:31

BYD expected to supply Tesla’s Megapack factory in China

BYD’s FinDreams Powertrain has reportedly reached an energy storage cell supply agreement with Tesla Shanghai for its Megapack factory. According to Chinese media outlet Late Post, the agreement was signed in March and supplies will begin in the first quarter of 2025. Citing unnamed sources close to BYD, the report on Wednesday says that FinDreams’ supply ratio exceeds 20%. The report estimates the order is worth about CNY 3.5 billion ($483 mill…
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