Daimler and BYD joint venture approved

The reporter learned from the Daimler Group that Shenzhen BYD Daimler New Technology Co., Ltd., a 50:50 joint venture capital injection between Daimler AG and BYD Co., Ltd., passed a government agency review yesterday and obtained Shenzhen City. Market Authority issued business license.

It is understood that since the signing of the memorandum of understanding on cooperation between the two sides in Beijing on May 27 last year, at the R&D center in Shenzhen, the teams of engineers, designers, and other experts from China and Germany have already begun close cooperation to create a brand new brand for China. Electric vehicle brand.

According to an insider from BYD, at the beginning of December last year, the joint design team of BYD and Daimler had already determined the shape design for the first electric vehicle jointly developed by the two companies and handed the design proposal to the engineering team to complete the development of the car. . In the future, Daimler and BYD will jointly launch a new brand. The first electric car is planned to be launched in 2013.