Daimler and BYD to Preview Upcoming Dedicated EV with a New Concept Model

[BYD e6 EV pictured above]

Joint venture partners Daimler AG and BYD Auto revealed plans today to preview their upcoming dedicated electric-car for China with a new design concept at the next Beijing Auto Show in April of 2012.

Last year, the two companies formed a 50-50 joint R&D venture called "Shenzhen BYD Daimler New Technology Co. Ltd" or "BDNT" for short, to create a new brand that will focus on the development of pure electric vehicles for China.

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Daimler and BYD Join Forces, Create a New Brand with Electric Cars for China

Chinese automaker BYD (Build Your Dreams) and Mercedes-Benz's parent company Daimler AG have set up a new joint venture called "Shenzhen BYD Daimler New Technology Co. Ltd," to develop electric vehicles for China.

The two companies said that they are planning to invest a total of 600 million yuan (US$87.9 million) in the 50-50 partnership in China.

According to a statement made by Daimler, the German automaker will bring its "know-how in electric vehicle architecture and safety" to the venture, while BYD will contribute "it's excellence in battery technology and e-drive systems".

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