Aug 1, 2024

Uber strikes EV deal with Chinese Tesla rival BYD

Uber have announced a deal which aims to bring 100,000 electric vehicles made by China's BYD to the ride-hailing giant's global fleet of cars. "The companies aim to bring down the total cost of EV ownership for Uber drivers, accelerating the uptake of EVs on the Uber platform globally, and introducing millions of riders to greener rides," the two firms said in a statement. Earlier this year, Uber said it was working with Tesla to promote EV adoption among its drivers in the US and planned to develop a purpose-built EV with South Korean car giant Kia. The move has prompted BYD and other Chinese EV makers to expand their production facilities outside China. BYD opened an EV plant in Thailand - its first factory in South East Asia.

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