EXCLUSIVE: German powerhouse Mercedes joins forces with battery expert BYD to create new Chinese car firm.
Mercedes-Benz is joining fledgling Chinese carmaker, BYD, to make an all-new car brand for the Chinese market, a source has confirmed.
While the name is not yet fixed, the assignment has been signed off by both Daimler and BYD to give birth to an all-electric car company to design and make cars in China.
Byd has made no clandestine of its admiration of premium German cars and car makers - with a logo some say apes BMW's and a convertible model, pictured here at the Shanghai Motor Show in 2009, obviously inspired by the models Mercedes produced in the late 1990s.
Our latest car will be developed and built and designed in China, our Daimler source said.
We have a design team in Beijing already and they’re working on options for it currently.
The two companies are already building a centre of design in China and our basis insists premature design sketches for the new car will be ready within two months.
The first production cars are approximately three years away, Benz admits it has gone to BYD for its advanced cost-effective electric technology and to help it study how to build low-cost cars.
While the brand - Daimler’s first fresh brand launch since the ill-fated Maybach - will only be sold in China, the battery technology being developed for the latest brand will also find homes in smarts and Renaults approximately the world.
Mercedes-Benz is joining fledgling Chinese carmaker, BYD, to make an all-new car brand for the Chinese market, a source has confirmed.
While the name is not yet fixed, the assignment has been signed off by both Daimler and BYD to give birth to an all-electric car company to design and make cars in China.
Byd has made no clandestine of its admiration of premium German cars and car makers - with a logo some say apes BMW's and a convertible model, pictured here at the Shanghai Motor Show in 2009, obviously inspired by the models Mercedes produced in the late 1990s.
Our latest car will be developed and built and designed in China, our Daimler source said.
We have a design team in Beijing already and they’re working on options for it currently.
The two companies are already building a centre of design in China and our basis insists premature design sketches for the new car will be ready within two months.
The first production cars are approximately three years away, Benz admits it has gone to BYD for its advanced cost-effective electric technology and to help it study how to build low-cost cars.
While the brand - Daimler’s first fresh brand launch since the ill-fated Maybach - will only be sold in China, the battery technology being developed for the latest brand will also find homes in smarts and Renaults approximately the world.
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