In what could be a potentially huge electric car deal for the Chinese market, Daimler AG (Mercedes) and BYD, a Chinese manufacturer of advanced battery technology as well as green automotive manufacturer, plan to hop into bed together over a new electric vehicle. The vehicle, according to Daimler AG, will be marketed under a new brand jointly created and owned by it and BYD.

This “comprehensive technology partnership for the development of electric vehicles for China” will also result in a a common technology center will be established in China to develop, design and test this electric vehicle. It is mentioned as well that this joint agreement between the two also “includes further discussions on additional business opportunities of mutual interests.” Future electric car plans perhaps? As for the initial vehicle to be under joint development, no details on it are yet available.

image via Daimler AG

“With this announcement,” said Dr. Dieter Zetsche, Chairman of the Board of Management of Daimler AG and head of Mercedes-Benz Cars, in a statement, “we continue to push ahead as a global leader in electric mobility. Daimler’s know-how in electric vehicle architecture and BYD’s excellence in battery technology and e-drive systems are a perfect match. Thus, we will be able to participate in the potential growth of electric mobility in China, currently the largest auto market of the world.”