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BYD COMPANY Said to Supply Batteries to ONVO, but NIO Negates Report
NIO-SW (09866.HK) entered into an agreement with BYD COMPANY (01211.HK) to purchase batteries from BYD COMPANY for its sub-brand ONVO, Reuters quoted sources as saying. It is said ...
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BYD COMPANY Said to Supply Batteries to ONVO, but NIO Negates Report
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NIO-SW (09866.HK)  +2.340 (+5.098%)    Short selling $46.57M; Ratio 40.710%   entered into an agreement with BYD COMPANY (01211.HK)  -0.400 (-0.380%)    Short selling $131.56M; Ratio 9.048%   to purchase batteries from BYD COMPANY for its sub-brand ONVO, Reuters quoted sources as saying.

It is said that BYD COMPANY will supply smaller battery pack for one of ONVO's car model, while CALB (03931.HK)  -0.620 (-2.278%)    Short selling $2.48M; Ratio 0.935%   , which has been NIO-SW's supplier, will provide a larger battery pack.

Related NewsNomura: NIO-SW's Fundraising Could Support Balance Sheet in ST; ES8 Launch Reaction Crucial
However, in response to the report, NIO-SW claimed that the information was inaccurate, but did not elaborate.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-12 12:25.)

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