A CHINESE-GERMAN EV
Daimler and BYD Put Electric Car Venture in Gear
Jonathan Schulz, May 28, 2010 (Wheels via NY Times)
"Daimler announced…a joint venture with BYD, the Chinese automobile and battery manufacturer backed by Warren E. Buffett, to build a research and technology center to develop electric cars in BYD’s home city of Shenzhen. The Shenzhen BYD Daimler New Technology Company, as the company will be called, will seek to strengthen each brand’s position in China’s electric-vehicle market."
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"In March, the two automakers signed a memorandum of understanding to build electric cars in China. At the time, Henry Li, BYD’s international sales manager, said a proposed jointly developed electric car would be positioned above the e6, the four-door E.V. that BYD displayed at the Detroit auto show…"
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