"Renault Rejects BYD's Offer: What's Behind the French Automaker's Decision? In a surprising turn of events, Chinese electric vehicle (EV) giant BYD has revealed that it was rebuffed twice by Renault when it approached the French automaker with a proposal to become a shareholder. BYD's offer, which included access to its cutting-edge battery and EV technology in exchange for use of Renault's manufacturing facilities, has left many in the industry wondering what led to the rejection. The move is seen as a significant development in the rapidly evolving global EV market, where partnerships and collaborations are becoming increasingly crucial for success. As BYD continues to expand its presence in Europe, the question on everyone's mind is: what does Renault's decision say about its own plans for the future of electric mobility?"
BYD approached Renault twice to become a shareholder but was turned down both times. The Chinese automaker offered its battery and EV tech in return for access to Renault factories.
