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BYD and Uber Partner to Introduce 100,000 EVs to Global Markets

Aug 01, 2024, 4:11 a.m. ET

AsianFin--BYD and Uber Technologies have announced a multi-year partnership to introduce 100,000 new electric vehicles (EVs) made by the Chinese car and battery giant onto Uber's ride-hailing platform worldwide.

The collaboration will begin in Europe and Latin America, with plans to expand to the Middle East, Canada, Australia, and New Zealand, according to a statement from BYD. Additionally, the two companies will work together on developing autonomous vehicles for Uber's platform.

While BYD did not specify which vehicle models will be included in the partnership, they emphasized that the initiative may offer drivers discounts on charging, car maintenance, insurance, as well as financing and leasing options, tailored to the needs of different markets.

"Uber and BYD share a commitment to innovate towards a cleaner, greener world, and I am excited to work together towards that future," said Wang Chuanfu, chairman and president of the Shenzhen-based carmaker.

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