BYD, Daimler to Develop EV for Chinese Market

Post date: Mar 22, 2010 5:12:59 PM

Tue, 02 Mar 2010

Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG:

"We continue to push ahead as a global leader in electric mobility. Daimler’s know-how in electric vehicle architecture and BYD’s excellence in battery technology and e-drive systems are a perfect match."

"Daimler's know-how in electric vehicle architecture and BYD's excellence in battery technology and e-drive systems are a perfect match."

Comment: 1994 Zetsche took the wrong decision, don't need electric or hybrid cars, we have the Diesel

e6 BYD chinese electric car classic not convincing .....no better copy smart available ???

Mr. Wang Chuanfu, Chairman and President of BYD Company Limited:

"This technology partnership creates a win-win business model with complimentary competences. We are very excited about this opportunity to work together with Daimler, the inventor of the automobile."

(Hongkong /Stuttgart) –BYD Company Limited (1211.HK) yesterday signed a Memorandum of Understanding (MoU) with Daimler AG (stock ticker symbol: DAI) to enter into a comprehensive technology partnership for the development of electric vehicles for China.

Under the agreement, BYD and Daimler intend to develop a new electric vehicle specific to the requirements of the Chinese market. The vehicle will be marketed under a new brand jointly created and owned by BYD and Daimler. In addition, a common technology center will be established in China to develop, design and test this electric vehicle.

source: byd.com

Related:

Carmakers' next crutch: Green subsidies

Geneva motor show 2010 BYD China

Even China's Build Your Dream, or BYD for short,

is here with its hybrid and electric models,

both aimed for European markets.

    • US charges car firm Daimler, Zetsche, with violating bribery laws 23 March 2010 news.bbc.co.uk