BYD's FinDreams battery unit to supply over 20% of batteries for Shanghai Megafactory's Megapack production, alongside CATL as the primary supplier.
BYD's unit secured the Tesla deal by offering a price close to the cost line, indicating potential competition in the battery supply market.
Shanghai Megafactory, Tesla's first energy storage plant outside the US, to have an annual capacity of 40 GWh, aiming for 10,000 Megapack batteries yearly.
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