Filed under: EV/Plug-in, China, Daimler, BYD
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Back in March of 2010, Daimler and BYD linked up to develop an electric car for the booming Chinese market. In May 2010, the pair of automakers made the deal official, signing a joint venture (JV) contract in Beijing that established the Shenzhen BYD Daimler New Technology Co. Ltd. Then, last month, the duo announced that they were granted regulatory approval to develop an electric car in China.
Now, the 50:50 joint venture between BYD and Daimler has announced that it finalized the design of its first electric vehicle and kicked off the prototyping phase, something BYD is calling a "major milestone."
In related news, the JV also announced that Ulrich Walker, chief executive officer of Daimler Northeast Asia Investment Co. Ltd, will become chairman of its board and that Yubo Lian, senior vice president of BYD, has been named the JV's president and chief executive officer.
[Source: BYD]
Continue reading BYD, Daimler finalize electric vehicle design; prototype phase underway
BYD, Daimler finalize electric vehicle design; prototype phase underway originally appeared on Autoblog Green on Wed, 20 Apr 2011 14:51:00 EST. Please see our terms for use of feeds.
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