Mercedes-Benz to develop electric vehicles with BYD
Tuesday, March 16th, 2010
Mercedes-Benz has agreed to collaborate with Build Your Dreams (BYD) to develop electric vehicles intended for the Chinese market. BYD is starting to get quite a reputation for electric vehicle technologies.
Before BYD made cars, it had produced batteries. Mercedes-Benz is believed to be eager to gain local knowledge in China. Under the agreement struck between Mercedes-Benz parent Daimler and BYD, the two firms will create a new brand to sell a vehicle designed for the Chinese market. Mercedes-Benz chief Dr Dieter Zetsche said that he considers the coming together of Daimler and BYD to be “a perfect match” considering that Daimler is known for its electric vehicle architecture and BYD has expertise in battery technology and e-drive systems. Meanwhile, BYD chairman Wang Chuanfu expressed his excitement at having the opportunity to work with Daimler, which it refers to as the “the inventor of the automobile.” As part of the agreement, Daimler and BYD are set to develop a technology center in China. So far, it has not been announced when the facility is expected to be completed or when the launch will take place.












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