NIO, Xiaomi EV rumored to adopt BYD’s batteries

Shanghai (Gasgoo)- Fudi Battery, the power battery unit of BYD, is vigorously expanding its carmaker client base, which has reportedly attracted NIO and Xiaomi EV.

BYD Blade Battery; photo credit: BYD

“Before the Spring Festival holiday, NIO and Fudi Battery firmed up their cooperation under which NIO would purchase BYD's lithium iron phosphate (LFP) batteries, according to a local media outlet, citing people with direct knowledge.

The person also revealed that BYD's headquarters in Pingshan district, Shenzhen city greeted some visitors from NIO in the second half of 2021.

Earlier this month, some photos were exposed on Chinese social media platforms showing that BYD's chairman Wang Chuanfu was visiting NIO’s manufacturing plant in Hefei in the company of William Bin Li, chairman and CEO of NIO. This may be another sign of the cooperation between NIO and BYD.

Besides, Fudi Battery has also inked a targeted cooperation agreement with Xiaomi EV, the EV unit of the world-renowned smartphone maker Xiaomi Group, according to the aforementioned media channel.

Reportedly, Xiaomi EV’s first model will come with two configuration options. Notably, the lower-spec version will ride on a 400-voltage platform and uses BYD's “Blade” batteries.

After being reached for comment, NIO, Xiaomi, and BYD all said they had no official information to disclose yet.