VW Links With China& s BYD for Hybrid or Electric Cars; Ford …

16 Июн 2014 | Author: | Комментарии к записи VW Links With China& s BYD for Hybrid or Electric Cars; Ford … отключены
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VW Links With China’s BYD for or Electric Cars; Ford May

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Volkswagen has signed a of intent with China s BYD on or electric cars. Ford and European automaker are rumored to be on similar arrangements with

BYD, which stands for Your Dream, has been a company to watch. Formed in BYD is now the world s second-largest producer of batteries, mostly for cell and has been making cars since 2003.

The company has been displaying a hybrid, the BYD F3, at global auto including one in Detroit.

The company s traded on the Hong Kong rose on the news. The stock s has more than doubled year. The company got a boost fall when MidAmerican Holdings Co. a company controlled by investor Warren Buffett, 9.9 percent of the company for $230

Edmunds.com s Green Car Advisor a month ago a cooperative venture VW and BYD. VW would be BYD s first automotive partner. VW has signed letters of intent with battery makers Sanyo Co. and Toshiba Corp.

VW s Audi brand will with Sanyo on a 2012

Hybrids and electric vehicles play an increasingly important Ulrich Hackenberg, Volkswagen s board member for technical said in a statement. Particularly for the market, potential partners as BYD could support us in quickly our activities.

Lithium-ion batteries, now in cell phones and laptop are seen as a key technology for future hybrids and electric cars, as are lighter and more powerful the current nickel-metal hydride However, technology challenges and capacity is limited, with few most of them being in and Korea, and very few are in the U.S.

The U.S. Energy Department has taking applications for $2.4 in funding aimed at turning the into a battery-manufacturing leader. At the last week, the department it had received 165 applications, The Wall Journal reported Tuesday.

BYD Electric Cars Electric Cars

Companies vying for the federal include General Motors, Dow Co. Johnson Controls Inc. and Systems, a private battery backed by General Electric. including Michigan, Kentucky and are also weighing in with usually in alliance with favored battery makers.

will be decided by the end of July, The Street Journal said.

A study by researchers at Alliance forecast the current $9 billion-a-year market, based on lead-acid could reach more $150 billion by 2030.

Last week, Daimler that it would buy a 10 percent in electric-car startup Tesla Inc. for a a sum in the double-digit millions of Daimler and Tesla are already to integrate Tesla s lithium-ion packs and charging electronics the first 1,000 electric of Daimler s tiny Smart two-seater.


GM has selected South battery maker LG Chem as the for its upcoming Chevrolet Volt.

Michelle Krebs: is Editor-in-Chief of Follow @AutoObserver on Twitter.

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