FE Today Logo

Uber strikes EV deal with BYD

August 02, 2024 00:00:00


BEIJING, Aug 01 (BBC): Uber has announced a deal which aims to bring 100,000 electric vehicles (EVs) made by China's BYD to the ride-hailing giant's global fleet of cars.

The two companies say they will offer Uber drivers incentives to switch to electric cars, including discounts on maintenance, charging, financing and leasing.

The multi-year agreement will be rolled out first in Europe and Latin America, before being made available in the Middle East, Canada, Australia and New Zealand.

The announcement comes as EV sales around the world have slowed and Chinese car makers face higher import charges in places like the US and the European Union. "The companies aim to bring down the total cost of EV ownership for Uber drivers, accelerating the uptake of EVs on the Uber platform globally, and introducing millions of riders to greener rides," the two firms said in a statement.

They also said they will work to integrate BYD's self-driving technologies into Uber's platform.

Earlier this year, Uber said it was working with Tesla to promote EV adoption among its drivers in the US and planned to develop a purpose-built EV with South Korean car giant Kia.

The US, the European Union and other major markets have recently announced tariff hikes on China-made EVs in moves aimed at protecting their car industries.

The move has prompted BYD and other Chinese EV makers to expand their production facilities outside China.

In July, BYD agreed a $1bn (£780m) deal to set up a manufacturing plant in Turkey.

The new plant will be able to produce up to 150,000 vehicles a year, according to Turkish state news agency Anadolu.

The facility is expected to create around 5,000 jobs and start production by the end of 2026.


Share if you like