changan automobile and byd sign strategic cooperation agreement -凯发国际娱乐试玩

chinese automaker changan automobile and byd signed a strategic cooperation agreement today in shenzhen to collaborate on new-energy vehicle, intelligent and connected vehicle as well as car-sharing.

"this cooperation has strategic significance to the development of byd's battery business and long-term development of our company," said byd founder and chairman wang chuanfu.

zhang baolin, president of changan automobile, said the cooperation will transform his company from a traditional car manufacturer to a technology company with intelligent products and services.

byd said the companies will collaborate to achieve a winning proposition by tapping each other's expertise in platform, technology, management, production and marketing. 

they also plan to establish a joint venture, to be based in chongqing, to produce and sell batteries for new-energy vehicles, and changan automobile will become a shareholder of byd's battery business unit.

the two companies agreed to conduct in-depth research on battery recycling, fast charging and battery swap to improve their capabilities in the new-energy vehicle sector.

the collaboration will also benefit changan automobile brand and accelerate its development in the new-energy vehicle sector, zhang said.

the two partners will also set up a car-sharing business in which consumers can drive byd's new-energy vehicles by using changan automobile's car-sharing platform.

the two companies will also cooperate in intelligent and connected vehicles and autonomous driving.