Remember BYD's non-toxic and somewhat edible battery technology? These lithium iron phosphate batteries can reportedly be produced at a relatively low cost and are already being used by BYD in its own F3DM plug-in hybrid. The Chinese automaker had previously announced that it was in talks with two European and one North American automakers to license this technology. According to reports coming from China, one of those European companies is Volkswagen.
Workers from the Chinese automaker will soon travel to VW's headquarters in Germany to demonstrate the technology. We're not yet sure what other automakers are in talks with BYD, but the company claims to have several more interested parties. BYD's hybrid vehicles are currently only available in China, but the automaker has said it has plans to launch electric vehicles here in America at some point.