"Chinese Automaker BYD's Renault Bid Rejected Twice: What's Behind the Rebuff? In a surprising move, Chinese electric vehicle (EV) giant BYD has revealed that it approached French automaker Renault twice in the past, offering to become a shareholder in exchange for access to Renault's manufacturing facilities. BYD's proposal, which included sharing its advanced battery and EV technology, was reportedly rejected by Renault on both occasions. The reason behind Renault's decision to turn down BYD's offer remains unclear, but industry insiders speculate that the French automaker may be hesitant to cede control or compromise its own technology and manufacturing capabilities. As the global EV market continues to heat up, BYD's failed bid for Renault raises questions about the future of partnerships and collaborations in the automotive industry."
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.
