Ride-sharing giant Uber and Chinese automaker BYD have announced a partnership to introduce 100,000 BYD model electric vehicles (EVs) on the Uber platform in Europe and Latin America, with plans to expand to other markets. This partnership will provide Uber drivers with access to favorable pricing, insurance, financing, and other services for BYD vehicles.
Future plans include expanding the partnership to the Middle East, Australia, and New Zealand, with a focus on accelerating the switch to EVs and introducing autonomous-capable EVs on the Uber platform. BYD, China’s largest EV maker, has been rapidly expanding its reach into global markets after transitioning to EV and hybrid production in 2022, causing a shake-up in the global auto industry.
While the European Union has imposed provisional duties on Chinese electric vehicles citing unfair advantages due to government subsidies, Chinese manufacturers are moving production overseas. BYD has already opened a plant in Thailand and has plans to build factories in Brazil, Hungary, and Turkey.
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