Audi’s New China Head Confirms Battery Talks With Buffett’s BYD
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Audi AG said it is in talks to buy batteries from China’s BYD Co. for its locally made cars, a move that would break the luxury automaker’s reliance on a single supplier in the country as it rolls out new electrified models.
“We are in talks with BYD, but I cannot tell you details,” Gaby-Luise Wuest, Audi’s recently appointed Audi China president, said in an interview ahead of the Guangzhou auto show. People familiar with the matter said in August that Audi was in talks with Warren Buffett-backed BYD, China’s top electric carmaker and No. 2 auto-battery supplier, as well as other potential suppliers.