Ford Eyes BYD Hybrid Batteries as Luxshare Halts India Asset Deal

This Week in the Automotive Industry: According to foreign media reports, Ford is in talks with BYD to source batteries for some of its hybrid models, potentially for use in its overseas plants, though neither party has confirmed the collaboration. The potential partnership has already raised concerns among U.S. politicians. Meanwhile, Luxshare Precision announced it has terminated its acquisition of Indian assets from Wingtech Technology after the target assets were seized and could not be transferred; the company has filed a claim with the Singapore International Arbitration Centre to recover RMB 153 million. In other news, Schaeffler Hydrogen has secured consecutive orders for bipolar plates used in both electrolyzers and fuel cells. Volvo has paused its Novo battery project and cut the remaining 75 positions. Zexea Technology has secured its first ADAS定点 (nomination) from a Korean automaker for four vehicle models, with expected sales nearing one million units. Finally, GigaDevice successfully listed on the Hong Kong Stock Exchange, completing its dual "A+H" share listing strategy.