"Chinese Automaker BYD's Renault Bid Rejected: A Blow to Electric Vehicle Collaboration? In a surprising move, Chinese electric vehicle (EV) giant BYD has revealed that it was twice rebuffed by French automaker Renault in its bid to become a shareholder. According to sources, BYD offered to share its advanced battery and EV technology in exchange for access to Renault's manufacturing facilities, a potential game-changer in the global EV market. The rejection has left many wondering what could have been, as BYD's cutting-edge tech could have significantly boosted Renault's electric vehicle offerings. As the EV industry continues to heat up, the rejection of BYD's proposal raises questions about the future of collaborations between Chinese and European automakers."
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.
