BYD Gains VW As Partner, Ford May Follow – Other Partnerships Also In the Works
Filed Under: green automotive technology, zoomilife.com on June 8, 2009
A lot of exciting news has happened regarding corporate partnerships and alliances over the past week or so. Volkswagen and BYD, Daimler and Tesla, and others. Car makers are entering the new era of auto manufacturing by taking a lesson from the tech sector: you can’t do it all alone anymore.
Volkswagen and BYD’s Partnership
Volkswagen has signed on with China’s Build Your Dream (BYD), issuing a letter of intent for hybrid and electric cars. Ford and at least one other European automaker are said to be negotiating similar arrangements with BYD as well. Looks like Warren Buffet backed the right horse after all.
