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BYD Company Limited and Daimler AG have signed a contract creating a 50:50 research and technology joint venture called “Shenzhen BYD Daimler New Technology Co. Ltd,” that will develop an electric vehicle for China. BYD and Daimler will invest RMB 600 million to use as registered capital for the Joint venture. The new generation of electric vehicles [...] Governor Arnold Schwarzenegger today joined Los Angeles Mayor Antonio Villaraigosa and officials from Chinese manufacturer BYD Auto Company Limited (BYD) to announce that BYD, a leader in electric and hybrid vehicles and other renewable energy products, will locate its North American headquarters in Los Angeles. BYD is the first major Chinese mass-production automobile company to [...] Daimler is actively seeking to become the leader in zero emmision, sustainable mobility. In 2009, Daimler bought a 10% stake in Tesla Motors, the only production automaker selling a highway capable electric vehicle in North America and Europe. The two companies had already been working closely to integrate Tesla’s lithium-ion battery packs and charging electronics into the [...] |
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