Wolfsburg, Germany – Volkswagen has signed a memorandum of understanding with Chinese automaker BYD to work together on hybrid and electric vehicles.
BYD chairman Wang Chuanfu and Volkswagen chairman Dr. Martin Winterkorn signed the agreement during an informational visit by BYD to Volkswagen’s Elektrotraktion Technology Centre in Isenbüttel, and then at its test tracks in Wolfsburg. The visit featured technical discussions and test drives with a variety of vehicles, including the Golf twinDrive and the prototype for an electric vehicle.
“Volkwagen will consistently expand its successful BlueMotion Technologies,” said Dr. Ulrich Hackenberg, member of the board for Volkswagen’s technical development. “Hybrids and electric vehicles will play an increasingly important role, of course. Particularly for the Chinese market, potential partners such as BYD could support us in quickly expanding our activities.”
Volkswagen said the memorandum of understanding is intended to explore the options for partnership in the area of hybrids and electric vehicles powered by lithium batteries.