The bubble of anonymity surrounding BYD outside of its home in China might be about to burst. Last week, we learned that Volkswagen had signed a memorandum of understanding with the Chinese automaker (first hinted at a month ago) to work together "in the area of electric mobility." Turns out that Ford and an as-yet-unnamed European automaker are also pursuing "similar arrangements" with BYD. Warren Buffet must be smiling, since BYD's stock price has more than doubled this year, according to Auto
Last week, Volkswagen and Chinese automaker BYD signed a memorandum of understanding to work together "in the area of electric mobility" and vehicles that use li-ion batteries. BYD Chairman Wang Chuanfu (yes, the guy who likes to drink battery fluid) and VW's Martin Winterkorn signed the MOU in Wolfsburg, Germany. Ulrich Hackenberg, Member of the Board for Technical Development at Volkswagen, said in a statement (available after the jump) that, "Hybrids and electric vehicles will play an increas
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