Chinese BYD signed a contract for the supply of 100 thousand electric vehicles to Europe

On July 31, 2024, Uber Technologies and BYD announced a multi-year strategic partnership. The agreement, among other things, provides for the supply of 100 thousand new electric vehicles for the Uber platform. These machines will be operated in various regions, including Europe.

Together, the companies are looking to lower the total cost of owning electric cars for Uber drivers and accelerate the adoption of environmentally friendly vehicles globally, the joint statement said. In the first phase, BYD electric cars will appear in Uber's fleet To Europe in and Latin America. Then the partnership will expand into the markets of the Middle East,, and Canada. Australia New Zealand

Investor.uber

It is noted that Uber drivers are switching to electric vehicles five times faster than owners of private vehicles. However, surveys suggest the key hurdles to switching to electrified machines remain the price and availability of funding. As part of the collaboration, Uber and BYD will stimulate electric car drivers with maintenance and insurance discounts, charging subsidies, etc.

In addition, the parties intend to cooperate in the development of BYD robotic cars, which will be operated on the Uber platform. With its advanced infrastructure, Uber is well positioned to scale up self-driving vehicle technology for customers around the world.

We are excited to join forces with a global leader like Uber to not only accelerate the transition to electric vehicles, but also make sustainable transport accessible to all. The collaboration marks a new era in electrification of urban mobility, says Stella Li, executive vice president of BYD and CEO of BYD Americas.[1]

Notes