China: Authorities grant licence for BYD Daimler JV

The Chinese authorities have officially granted a business licence for Daimler and BYD’s electric vehicle (EV) joint venture Shenzhen BYD Daimler New Technology. Daimler and BYD first announced plans for the new company in March 2010 The partners will invest Yuan 600m (US$91,) in the equal-parts venture, which will develop an Subscribe to Automotive World … Continued

• By Webmaster
• March 3, 2011