Chinese BYD and Daimler to Develop Electric Vehicle TheDetroitBureau com

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Chinese BYD and Daimler to Develop Car

by Ken Zino on May.27, 2010

The and range of batteries for EVs remains a impediment.

BYD Company Limited and AG today signed a contract a 50:50 joint venture Shenzhen BYD Daimler New Technology Co. The new firm will develop an vehicle for China under a new name.

Daimler and BYD will RMB 600 million capital for the firm. industrial policy requires ventures to gain access to its market.

The Communist central government has repeatedly stated its desire to the Chinese automobile industry Chinese companies.

In a joint both parent companies that a new generation of electric developed will capitalize on expertise in electric vehicle and safety, and BYD’s knowledge in technology and e-drive systems. No technical details are available.

The new car be marketed under a new brand created and owned by Daimler and which is China’s fourth automaker. Export plans are However, all nations with policies are attempting to establish makers and protect home for green vehicles, a development is creating concern among market advocates.

BYD is an acronym for Build Your It remains to be seen if BYD can meet its goal of becoming the number one in Asia by 2013, and world’s by 2020.

The signing formalized a of understanding on that was established March 1. Since then BYD has that it intends to launch the e6, a electric vehicle in a conventional minivan wrapper with for five. ( See B YD Chinese made EV on in U.S. Late 2010 )

The company, a multi-national giant in the of lithium ion cell phone has made several product that imply that its Fe of the e6 battery — essentially a change in that separates it from types of lithium ion or nickel used in EVs — could be a breakthrough. The and  range of batteries for EVs a significant impediment to increasing unless massive taxpayer are provided.

“Together with we are making excellent progress opportunities to utilize the strengths of companies to create a new brand of cars for China,” said Chuanfu, Chairman and President of BYD Limited. “This is a unique and initiative and together we are pushing to bring this new electric to market as soon as possible.”

Engineers and designers from companies established working after the signing of the MOU to begin on the vehicle concept. The business for the new joint venture is subject to approvals.

Daimler recently launched the fortwo electric drive, and year will introduce two electric cars: the B-Class with fuel cell as well as the battery electric E-CELL.

BYD introduced its F3DM hybrid electric vehicle to the in December 2008 and started sales to individual customers in 2010. The company recently the e6, a pure electric vehicle and the first manufacturer in China to taxi business with its e6.

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