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BYD Taps A State-Backed Company To Help Compete With Tesla In China

Licensing

09:07 AM ET 06/03/2026

BYD signed an agreement with China's largest oil producer and refiner, Sinopec, to build electric vehicle chargers at its gas stations. The deal comes after BYD unveiled plans to build 20,000 flash charging stations across China by the end of the year. The new chargers will be built at Sinopec's gas stations, according to CnEVPost, which first reported the news. Sinopec is…