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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)  +0.800 (+3.013%)    Short selling $64.49M; Ratio 30.848%   entered into an agreement with BYD COMPANY (01211.HK)  +2.200 (+0.605%)    Short selling $514.20M; Ratio 29.366%   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)  -0.220 (-1.403%)    Short selling $204.13K; Ratio 2.553%   , which has been NIO-SW's supplier, will provide a larger battery pack.

Related NewsHSBC Global Research Hikes BYD COMPANY (01211.HK) TP to $453, Rating Buy
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 2025-04-17 16:25.)

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