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Publish date. 02-03-2010   Number of images. 1

Buffett-backed BYD, Daimler to Form China Electric-Car Venture

BusinessWeek | “The alliance will benefit from BYD's expertise in batteries and Daimler's strengths in traditional vehicles,” said Frank He, who rates BYD shares “buy” at ...
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image via Daimler AG “With this announcement,” said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars, in a statement, “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.

Full View image via Daimler AG “With this announcement,” said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars, in a statement, “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....  

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