"Renault's Rejected Deal: What's Behind the French Automaker's Decision to Snub BYD? In a surprising turn of events, Chinese electric vehicle (EV) giant BYD has revealed that it made two separate approaches to French automaker Renault, offering a significant stake in the company in exchange for access to Renault's manufacturing facilities and expertise. BYD, which has quickly become a major player in the global EV market, proposed a deal that would have given it a foothold in Europe and access to Renault's extensive production network. But despite the potential benefits, Renault ultimately rejected BYD's overtures, leaving many to wonder what led to the French company's decision. Could Renault's decision be a sign of a more cautious approach to partnerships in the rapidly evolving EV landscape?"
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.
