Uber, China's BYD, form partnership to deploy 100,000 EVs in EU and Latin America

The ride sharing giant Uber and Chinese automaker BYD say they have agreed on a partnership to introduce 100,000 BYD model EVs on the Uber platform in Europe and Latin America

FILE - The Uber logo appears above a trading post on the floor of the New York Stock Exchange, Aug. 16, 2019. The ride sharing giant Uber and Chinese automaker BYD plan a partnership to introduce 100,000 BYD model EVs on the Uber platform in Europe and Latin America, eventually expanding to other markets, the companies announced.

The arrangement would offer Uber drivers access to favorable pricing, insurance, financing and other services for BYD vehicles, the companies said in a statement seen Thursday.The companies said the plan would help accelerate the switch to EVs and that they also plan to collaborate in introducing autonomous-capable EVs on the Uber platform. BYD, China's largest EV maker, has fast been expanding its reach into world markets after switching entirely to production of EVs and hybrids in 2022.

The rapid emergence of low-priced EVs from China is shaking up the global auto industry in ways not seen since Japanese makers arrived during the oil crises of the 1970s.on Chinese electric vehicles in June, alleging that government subsidies give automakers in China an unfair advantage. BYD EVs aren’t being sold in the U.S. now largely because of 27.5% tariffs on the sale price of Chinese vehicles when they arrive at ports.and plans to build factories in Brazil, Hungary and Turkey.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ABC /  🏆 471. in US

Auto Industry Business Climate And Environment World News General News Technology Article 112467818

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top 100 Seattle Seahawks: Specialists Reign Supreme in No. 100-91There's plenty of special teams flare headlining the first 10 players on our annual Top 100 Seahawks countdown, including a pair of talented punters.
Read more »

Giants Unveil Nos. 91-100 of 'Top 100 All-time Players' ListOne recent player made the list at No. 95
Read more »

Elliott Wave analysis: Bullish outlook on SP500 and NASDAQ post-AMZN earnings and FOMC [Video]S&P 500, SPY, NASDAQ 100, QQQ, DAX 40, FTSE 100, ASX200 Elliott Wave Analysis.
Read more »

Alert: Another Excessive Heat Warning. few storms in south-central PennsylvaniaHighs will soar to near 100 degrees, and it will feel like 100-110 degrees
Read more »

BYD’s Electric Car Price Cuts Upset BYD Buyers in Thailand — Investigation Ensues As Factory InauguratedClean Tech News & Views: EVs, Solar Energy, Batteries
Read more »

FTSE 100 IG Client Sentiment: Our data shows traders are now net-long FTSE 100 for the first time since Mar 11, 2024 when FTSE 100 traded near 7,700.90.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bearish contrarian trading bias.
Read more »