Ford Motor is in talks with BYD Company for a potential partnership to procure batteries for hybrid models. Negotiations are ongoing, with one proposal involving Ford using BYD-supplied batteries at factories outside the US. Ford aims to secure a reliable battery supplier as it shifts focus to hybrids over pure electric vehicles. BYD’s advanced technology and cost advantages make it a strong candidate for collaboration. In related news, Ford announced a $19.5 billion hit to earnings and put its electric pickup, the F-150 Lightning, on hold indefinitely. Production of the current model has ceased with no timeline for the next-generation release.

Read more at Nasdaq: Ford In Talks With BYD On Hybrid Battery Partnership : Report