The Wall Street Journal reported on Thursday, citing people familiar with the matter, that the talks between the two companies are continuing and might not culminate in a deal.
Dearborn-based automaker Ford Motor Co. (F) is reportedly in talks with BYD Co. Ltd. (BYDDF) about a potential partnership involving the use of the Chinese player’s batteries in Ford’s hybrid vehicles.
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The Wall Street Journal reported on Thursday, citing people familiar with the matter, that the talks are continuing and might not culminate in a deal. The two carmakers are reportedly discussing how a potential partnership would work, and are considering ideas including Ford importing batteries from BYD to non-U.S. factories.
Ford shares edged up 0.4% at the time of writing.
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