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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)  -2.300 (-7.066%)    Short selling $697.85M; Ratio 66.815%   entered into an agreement with BYD COMPANY (01211.HK)  -0.600 (-0.147%)    Short selling $2.01B; Ratio 39.527%   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)  +0.140 (+0.735%)    Short selling $879.48K; Ratio 9.156%   , which has been NIO-SW's supplier, will provide a larger battery pack.

Related NewsDaiwa Unsurprised by EU Investigation into BYD COMPANY's Hungarian Plant
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 2025-03-28 16:25.)

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