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Baner Club > Blog > Business > Uber and Chinese Tesla rival BYD reach an EV agreement.
Business

Uber and Chinese Tesla rival BYD reach an EV agreement.

Uber and BYD have struck a partnership that will add 100,000 electric vehicles (EVs) produced by BYD in China to Uber's worldwide fleet of automobiles.

Last updated: 2024/08/01 at 8:42 AM
Published August 1, 2024
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According to the two businesses, they would provide Uber drivers with financial, leasing, maintenance, and charging discount offers in order to encourage them to convert to electric vehicles.
The multi-year arrangement will be made available in the Middle East, Canada, Australia, and New Zealand after being implemented initially in Europe and Latin America.
The news is made at a time when global EV sales are declining and Chinese automakers are subject to increased import taxes in the US and the EU.

In order to hasten the adoption of EVs on the Uber network, the firms want to lower the total cost of EV ownership for Uber drivers.

Additionally, they promised to work on integrating BYD’s autonomous technology into the Uber system.
Uber announced earlier this year that it was collaborating with Tesla to encourage its drivers in the US to adopt electric vehicles and that it intended to partner with South Korean automaker Kia to create a specially designed EV.
In an effort to safeguard domestic auto sectors, the US, the EU, and other significant markets have lately proposed increases in tariffs on electric vehicles built in China.
BYD and other Chinese EV manufacturers have expanded their production facilities outside of China as a result of the move.
BYD and Turkey reached an agreement in July to establish a $1 billion (£780 million) manufacturing facility.
According to a Turkish state news agency, the new plant will be able to produce up to 150,000 automobiles annually.

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