Posts Tagged ‘ Daimler AG ’

Daimler AG and BYD Announce Joint Venture

In what appears to be a month for high profile joint ventures, the German automaker Daimler AG (ETR:DAI)and the Chinese automaker BYD Co. (HKG:1211)┬áhave announced that they will begin a partnership aimed directly at the burgeoning mainland Chinese market for electric cars. BYD’s other high profile shareholder is US billionaire Warren Buffet’s investment company Berkshire Hathaway Inc. (NYSE:BRK.A), with friends like these it appears BYD is set to grow into China’s 21st century runaway success story. China is currently the largest car market in the world and┬ásome estimates, like one today from consulting company IHS Global Insight for example, are putting global battery powered electric vehicle sales at 3% of total sales by the year 2020 Lanjut →

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