NEWS CONTINENTAL AUTO

(Hongkong /Stuttgart) –BYD Company Limited (1211.HK) yesterday signed a Memorandum of Understandin

 (MoU) with Daimler AG (stock ticker symbol: DAI) to enter into a comprehensive technology partnership for the development of electric vehicles for China. Under the agreement, BYD and Daimler 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 BYD and Daimler. In addition, a common technology center will be established in China to develop, design and test this electric vehicle.

. “With this technology partnership, we have created 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”, said Mr. Wang Chuanfu, Chairman and President of BYD Company Limited.

. “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”, said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars. Chairman Wang and Dr. Zetsche jointly stated that 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. BYD and Daimler will accelerate the growth of electric mobility in China. BYD, as a leading manufacturer in developing advanced battery technology, has invested in this field since 1995.

. For further information please visit the official website www.byd.com and contact at bydpr@byd.com. Cette adresse email est protégée contre les robots des spammeurs, vous devez activer Javascript pour la voir.