BYD to cooperate with Hong Kong organization to develop EV technology

Gasgoo.com (Shanghai August 18) - BYD has agreed to cooperate with the Hong Kong Auto Parts Industry Association to jointly research and develop electric vehicle technology, investoday.com.cn reported today. The two sides signed a contract in Hong Kong yesterday, with State Council Vice-Premier and Deputy Party Secretary Li Keqiang and Chief Executive and President of the Executive Council of Hong Kong Donald Tsang Yam-kuen among the over 100 guests in attendance.

Wang Chuanfu, president and board chairman of BYD, applauded the cooperation's effort to promote low-carbon emission technology in Hong Kong. The agreement was a blueprint for BYD's electric vehicle program, Mr. Wang said, adding that it will be the basis to further develop technology for environmentally friendly cars in Shenzhen and Hong Kong.

BYD announced its intent to jointly research EV technology with a Hong Kong-based technology center a summit held last month on bilateral Shenzhen-Hong Kong cooperation. The manufacturer is planning to open a R&D center at Hong Kong Science Park by the end of this year.