BYD has been a scrappy if somewhat curious presence at the Detroit auto show since 2008
Jonathan Schultz - BLOGS
- May 27, 2010
Who will have the best electric vehicle design? --Ed.
Daimler AG announced on Thursday a joint venture with BYD, the Chinese automobile and battery manufacturer, to build a research and technology center to develop electric cars in BYD’s home city of Shenzhen. The Shenzhen BYD Daimler New Technology Company, as the company will be called, will seek to strengthen each brand’s position in China’s electric-vehicle market.
In March, the two automakers signed a memorandum of understanding to build electric cars in China. At the time, Henry Li, BYD’s international sales manager, said a proposed jointly developed electric car would be positioned above the e6, the four-door E.V. that BYD displayed at the Detroit auto show in January.
BYD, which is backed by the billionaire Warren E. Buffett, is one of the world’s largest battery producers for mobile phones, supplying Nokia, Samsung and Motorola. It recently topped Businessweek magazine’s Tech 100 list, outranking stalwarts like Apple and Amazon. Its automotive division nearly doubled 2008 sales last year, moving a relatively modest 450,000 vehicles. However, the company’s... [Read More]