BYD subsidiary Fudi Battery signs supply agreement with Tesla

BYD's subsidiary Fudi Battery reached a supply agreement with Tesla in March this year and will supply energy storage cells to Tesla from the first quarter of next year. Tesla's energy storage factory in Shanghai currently mainly produces the Megapack product line. It is reported that the factory's battery cell suppliers include CATL and Fudi, of which Fudi's supply share exceeds 20%.