Daimler and BYD Partner to Build Chinese-Market EV

Daimler and Chinese automaker BYD have announced a partnership to develop and sell an electric car for the Chinese market. The car will be marketed under a new brand jointly owned by the two companies.

It’ll doubtless be a few years before said car is on the road, but both companies have a significant amount of EV know-how. Daimler is ramping up production on an electrified version of the Smart Fortwo for European consumption, while BYD, which got its start as a battery manufacturer, has already developed hybrid and electric cars for China. How the two companies—an established European giant and a Chinese newcomer—will work together remains to be seen.