In response to recent rumors circulating online that BYD and NIO have partnered to establish BYD Future Automotive Group, and BYD Future Automotive Group will acquire NIO, both BYD and NIO denied it today.
This afternoon, Li Yunfei, General Manager of Brand and Public Relations Department of BYD Group, responded on Weibo that the investment and cooperation information related to BYD and NIO that has been circulating online is seriously untrue! Please do not believe rumors, do not spread rumors.
On the same day, Ma Lin, Assistant Vice President of Brand and Communication at NIO, denied rumors on Weibo that the company's current situation is good, with cash flow turning positive in the third quarter and a further increase in gross profit of one billion yuan in October. In December, Ledao will break 10000 yuan. Thank you for your concern and support, we will continue to power on.
It is worth noting that Ma Lin also released a screenshot of his WeChat chat with Li Yunfei. In the screenshot, Ma Lin mentioned: If it is a BYD employee, please clarify and apologize. If not, we can call the police together.
Previously, a suspected BYD employee posted online that BYD will establish a joint venture with NIO to form the "Bi Future Automotive Group", with BYD holding 51% of the shares and NIO holding 49%. In addition, the Future Automotive Group will acquire NIO for 16.5 billion yuan, and NIO will continue to operate independently after the acquisition.