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Daimler AG Signs Memorandum of Understanding with BYD Company Limited to Establish a Technology Partnership for Electric Vehicles in China

Daimler AG signed a Memorandum of Understanding (MoU) with BYD Company Limited to enter into a comprehensive technology partnership for the development of electric vehicles for China.

Under the agreement, Daimler and BYD intend to develop a new electric vehicle specific to the requirements of the Chinese market. The vehicle will be marketed under a new brand jointly created and owned by Daimler and BYD. In addition, a common technology center will be established in China to develop, design and test this electric vehicle.

With this announcement, we continue to push ahead as a global leader in electric mobility. Daimler’s know-how in electric vehicle architecture and BYD’s excellence in battery technology and e-drive systems are a perfect match. Thus, we will be able to participate in the potential growth of electric mobility in China, currently the largest auto market of the world.

—Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars

This technology partnership creates a win-win business model with complimentary competences. We are very excited about this opportunity to work together with Daimler, the inventor of the automobile.

—Wang Chuanfu, Chairman and President of BYD Company Limited

Daimler recently launched the smart electric drive (earlier post) and in 2010 will introduce an all-electric version of the Mercedes-Benz A-Class.

Electric vehicles are especially well-suited for urban driving. With its many metropolitan areas, China has the potential to be among the world’s largest markets for zero-emission vehicles. Daimler and BYD will accelerate the growth of electric mobility in China.

—Joint statement by Chairman Wang and Dr. Zetsche

The companies’ understanding also includes further discussions on additional business opportunities of mutual interests.

BYD, also a battery maker, introduced its F3DM dual-mode hybrid electric vehicle in December 2008 (earlier post), and will soon officially launch the e6, a pure electric vehicle (earlier post).



Sounds like a good technology transfer for MB, maybe more of a win-win than the Chrysler caper.

Chris O

Good for BYD. They could really benefit from a partnership with a company who actually knows how to build an EV. So far all BYD has been very successful at is hyping no show EV's to boost their stock value. Hopefully Daimler doesn't count on "BYD’s excellence in battery technology"because lack of proper production methods for automotive batteries is exactly what caused BYD's EV prototypes never to reach the mass production stage according to the Wallstreet Journal:


If MB could advanced robotize BYD production, look out..


Very interesting JV.

China will certainly be the world largest market for electrified vhicles, specially for the locally produced units and more so with this JV.

BYD can mass produce EV batteries and control systems at a much lower cost than Europe and USA. Mercedes can supply made in China quality bodies manufacturing knowhow for the new JV.

MBYD electrified vehicles will certainly supply a major share of the local market + major export to the rest of the world within a few years.

Very good news for future higher quality lower cost electrified vehicles.


"Wang Chuanfu, Chairman and President of BYD Company Limited"

I wonder if this is the same guy that took the reporter for a ride around the car show floor in the BYD hybrid. Auto show participants were less than pleased.



Could you add more info on the reporter impression or feeling?

What is his background? Is he a pro or anti EV type?


It was more than a year ago, I think it was a car industry reporter. He thought it was a neat demo, but did not like the nasty stares from the show attendees and exhibitors.


Must be a reporter from you know where.

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