BYD Plans to Expand Daimler Partnership With New EVs for China
- Mulling investment boost to equal venture, chairman says
- Chinese carmaker considering supplying batteries to rivals
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BYD Co., China’s leading maker of electric cars, plans to expand its cooperation with Daimler AG to bring new models to the latest and largest market seeking to phase out fossil-fuel powered automobiles.
BYD is discussing more investment in Shenzhen Denza New Energy Automobile Co., its 50:50 venture with Stuttgart-based Daimler, BYD’s founder and chairman Wang Chuanfu told a group of reporters in the southern Chinese city on Thursday. The two are working together to add more models under the Denza brand, Wang said, without elaborating.