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BYD signs contract to supply lithium batteries to SAIC
Shanghai, August 18 (Gasgoo.com) 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.
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.
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