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Benzinga
Benzinga
Rachit Vats

Why Rumors Of Nio Partnering With Warren Buffett-Backed BYD Are Resurfacing

Top executives from BYD Co (OTC:BYDDY) and Nio Inc (NYSE:NIO) were seen together at the latter’s facility at an unidentified location, reigniting rumors of a potential partnership between the two companies, CnEVpost reported on Thursday, citing a local automotive media company.

What Happened: BYD chairman Wang Chuanfu and Nio founder and CEO William Li were spotted together at the NIO House, which the report claimed was located at Hefei.

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