Stuttgart, Germany – Daimler AG has announced a technology partnership with Chinese automaker BYD Company to develop a new electric vehicle for China.

The new vehicle will be specific to the requirements of the Chinese market and will be marketed under a new brand jointly created and owned by Daimler and BYD. In addition, a common technology centre will be established in China to develop, design and test the vehicle.

“With this announcement, we continue to push ahead as a global leader in electric mobility,” said Dr. Dieter Zetsche, chairman of the board of management of Daimler AG. “Daimler’s know-how in electric vehicle architecture and BYD’s excellence in battery technology and e-drive systems are a perfect match. Thus, we will be able to participate in the potential growth of electric mobility in China, currently the largest auto market of the world.”

Daimler recently launched the Smart Electric Drive and, in 2010, will introduce an all-electric version of the Mercedes-Benz A-Class. BYD is China’s fastest-growing Chinese automotive manufacturer and introduced its F3DM dual-mode hybrid electric vehicle in December 2008. It plans to launch its pure electric e6 shortly.

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