Global Times - BYD signs contract to supply lithium batteries to SAIC

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BYD signs contract to supply lithium batteries to SAIC

Source: Gasgoo.com
[08:13 August 19 2009]
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Chinese battery and electric car maker BYD Co has reached an agreement with Shanghai Automotive Industry Corp (SAIC) to supply the automaker with lithium-ion batteries for hybrid vehicle productions, The Beijing News reports Tuesday, citing source from SAIC.

The source said SAIC would purchase BYD's lithium-ion batteries to power its own brand Roewe hybrid vehicles.

Wang Jianjun, sales manager of BYD Auto, said a day earlier that BYD did sign contract with one of China's major automakers but he declined to reveal the identity of the partner.

SAIC unveiled plans in July to introduce a hybrid Roewe 750 sedan next year that could improve fuel efficiency by 20 percent compared with the existing model.

It also plans to provide nearly 1,000 new-energy vehicles, including electric, fuel cell and hybrids, for World Expo 2010 Shanghai, based on an agreement with Shanghai's government.