Bloomberg reported that "Daimler AG and BYD Co., the Chinese carmaker backed by billionaire Warren Buffett, will jointly develop an electric vehicle to be sold in China." The two companies "signed an agreement to set up a 'comprehensive' technology partnership to develop electric vehicles for the Chinese market." Daimler and BYD "plan to develop a model that will be sold under a jointly owned new brand, they said."
Daimler chairman Dieter Zetsche states "Daimler's know-how in electric vehicle architecture and BYD's excellence in battery technology and e-drive systems...a perfect match." Thus, he said, "we will be able to participate in the potential growth of electric mobility in China, currently the largest auto market of the world."
Story courtesy of the Society of Manufacturing Engineers. We are proud to be members of this society.
Business Improvement Experts... weald-business-solutions.co.uk
higher productivity, greater efficiency, lower cost, find it HERE... today!
- Phil Edwards
- Based upon many years experience of making business more productive and slashing costs, I'm sharing my ideas and experience with you. I'd love to hear your feedback.
Further information
Related reading
A Personal Message...