The 50:50 Joint Venture between BYD and Daimler Mercedes-Benz (called the Shenzhen BYD Daimler New Technology Company Limited), has finalized the design of the first BYD-Daimler electric vehicle (EV) model and prototyping has been kicked off.
Both parties will work on EV production preparations and team members from design, engineering, procurement, and quality management have all relocated to the BYD Shenzhen Headquarters.
The whole process of new vehicle design has been closely supervised by Mercedes-Benz Quality Management experts. This process has included creating a new international supply chain and the selection of the right combination of mold-makers and high-quality component suppliers. The electric vehicle co-developed by the joint venture will capitalize on Daimler’s know-how in highly-reliable and safe electric vehicle architectures as well as combining BYD’s Iron-Phosphate battery technology and electric drive systems. The vehicle will be marketed under the new brand jointly created and owned by Daimler and BYD.
The company also announced that Ulrich Walker CEO of Daimler Northeast Asia Investment Co. Ltd, will be the Chairman of the Board of BYD-Daimler and that Mr. Yubo Lian Senior Vice President of BYD Co., Ltd and Chief Engineer of BYD’s auto business would be President and CEO.