22 Articles
Jun 1, 2020 Green
Ford plans to use batteries supplied by China's Warren Buffett-backed BYD

BYD's first-known battery supply deal with a major global automaker

Chinese electric vehicle (EV) maker BYD Co Ltd , will supply EV batteries to U.S. automaker Ford Motor Co , a document on the website of the Ministry of Industry and Information Technology showed on Monday. Ford's China venture with Changan Automobile is seeking government approval to build a plug-in hybrid model equipped with BYD's batteries, according to the document. Shenzhen-based BYD, which is backed by U.S. investor Warren Buffett, said it would supp

Reuters
Jun 1, 2020 Report
German ministry proposes $6.2 billion stimulus to boost car sales

Some opponents suggest the stimulus should apply only to electric vehicles

Germany's Ministry of Economics has proposed a 5 billion euro (£4.5 billion) buyer bonus scheme as part of an impending stimulus package in an effort to boost car sales, two people close to the matter said on Sunday. Global car sales have slumped as production lines and showrooms shut in response to the coronavirus pandemic. The heads of the co-governing Social Democrats (SPD) and Angela Merkel's Christian Democrats (CDU) are expected to present the overall stimulus package on Tuesday, which c

Reuters
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