With the slowing demand of electric cars, Ford is allegedly negotiating with Chinese car manufacturer BYD to acquire batteries to be used in its hybrid cars. There are still talks that include the possibility of BYD using batteries in markets outside the U.S. It might allow Ford to acquire lighter and more advanced battery technology, which is why the potential deal has become a topic of criticism by one of the White House trade advisors, who cautioned against depending on Chinese chain supplies. Those discussions can be seen as an example of a broader trend of North American manufacturers cutting down on costly EV strategies and concentrating on low priced vehicles and hybrids.
Ford And BYD in Talks For Hybrid Vehicle Battery Deal, WSJ Reports
