WSJ News Exclusive | China’s BYD Gets Extension on $1 Billion California Mask Deal

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The Warren Buffett-backed electric-car maker turned mask producer is still awaiting U.S. approval for its N95 masks

BYD Co., a Chinese electric-car maker turned mask producer, said it had secured a second reprieve on a troubled $1 billion deal to sell N95 masks to the state of California after missing a Sunday deadline to win a required federal certification.

The Shenzhen, China-based company—which earlier in the coronavirus pandemic signed contracts to sell medical goods to high-profile customers, including multiple U.S. states and the Japanese conglomerate SoftBank Group Corp.—has faced delays in delivering hundreds of millions of masks.

Source: Energy Industry News (energyindustrynews.net)

 

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