Uber Strikes EV Deal with Chinese Tesla Rival BYD

DADAYNEWS MEDIA 54

has secured a landmark deal with BYD, a leading Chinese electric vehicle (EV) manufacturer, to integrate 100,000 BYD EVs into its global fleet. This agreement aims to promote the adoption of electric vehicles among Uber drivers.

The deal will see Uber offer a range of incentives for drivers transitioning to EVs, including discounts on maintenance, charging, financing, and leasing. The multi-year initiative will initially roll out in Europe and Latin America, with plans to expand to the Middle East, Canada, Australia, and New Zealand.

This collaboration is part of Uber’s broader strategy to increase EV adoption amid a global slowdown in EV sales and rising import charges for Chinese-made vehicles in major markets like the US and the European Union. BYD and Uber also plan to integrate BYD’s self-driving technologies into Uber’s platform.

Earlier this year, Uber partnered with Tesla to promote EV adoption in the US and announced plans to develop a purpose-built EV with Kia. In response to increased tariffs on Chinese-made EVs, BYD is expanding its production facilities outside China, including new plants in Turkey, Thailand, and Hungary, with plans for a facility in Mexico.

BYD, backed by US investor Warren Buffett, is the world’s second-largest EV company, following Tesla.

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