China’s BYD Teams Up with Uber to Electrify Ride-Hailing Fleet
China’s BYD has announced a significant partnership with Uber, aiming to integrate 100,000 of its electric vehicles (EVs) into the ride-hailing giant’s global fleet. The deal is designed to make the transition to electric cars more appealing for Uber drivers by offering incentives such as discounts on maintenance, charging, financing, and leasing.
The multi-year agreement will initially launch in Europe and Latin America, with plans to expand to the Middle East, Canada, Australia, and New Zealand. This move is part of a broader strategy to promote EV adoption amidst a global slowdown in EV sales and increased import tariffs on Chinese-made vehicles in regions like the US and the European Union.
Both companies are focused on reducing the total cost of EV ownership for Uber drivers, which they hope will accelerate the adoption of electric vehicles on Uber’s platform and introduce millions of riders to more sustainable transportation options. Additionally, BYD’s self-driving technologies are expected to be integrated into Uber’s systems.
Earlier this year, Uber also announced partnerships with Tesla and South Korea’s Kia to boost EV adoption among its drivers in the US. Meanwhile, BYD is expanding its production capabilities outside China, with recent investments in Turkey, Thailand, Hungary, and plans for a new factory in Mexico.
BYD, the world’s second-largest EV manufacturer after Tesla and backed by prominent US investor Warren Buffett, continues to advance its global presence in the electric vehicle market.
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