BYD-Daimler to Make Electric Cars for Chinese Market

China’s leading battery and auto maker BYD Co. Germany’s Daimler AG announced on Thursday a 50-50-owned new joint venture to mass produce an electric car in China. Daimler and BYD plan to invest 600 million Yuan ($88 million, €71 million) in the joint venture called Shenzhen BYD Daimler New Technology Ltd. Daimler is to bring […]