Daimler And BYD Join Forces For EV Project

Germany's Daimler and China's BYD Auto have signed a Memorandum of Understanding (MoU) to jointly develop and produce an electric vehicle (EV) specifically for the Chinese market. The partners will jointly establish a new brand for the resulting model and will set up a technology centre dedicated to local design, development and testing. A joint statement from the companies said that 'China has the potential to be among the world's largest markets for zero-emission

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