Uber Expands EV Fleet with 100,000 BYD Electric Vehicles

Uber Technologies and BYD Co. Ltd. announced a multi-year partnership to integrate 100,000 BYD electric vehicles (EVs) onto the Uber platform.

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The initiative will start in Europe and Latin America, later expanding to the Middle East, Canada, Australia, and New Zealand.

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The collaboration aims to provide Uber drivers with competitively priced and financed BYD vehicles, promoting EV adoption in the ride-hailing industry.

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– Uber operates the largest on-demand EV network globally. – BYD is a leading global EV manufacturer.

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The partnership seeks to reduce the total cost of EV ownership for Uber drivers, accelerating the global transition to electric vehicles.

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Uber drivers adopt EVs at a rate five times higher than private car owners, but high prices and limited financing remain barriers.

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BYD's affordable, low-maintenance vehicles with superior battery performance are well-suited for ridesharing.

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Uber and BYD plan to develop autonomous-capable vehicles for the Uber platform.

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Chuanfu Wang, Chairman and President of BYD, expressed excitement about the partnership's potential for a cleaner, greener future.

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Dara Khosrowshahi, CEO of Uber, highlighted the environmental benefits of Uber drivers switching to EVs, noting the significant emissions reductions and positive rider experiences.

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Stella Li, Executive Vice President of BYD and CEO of BYD Americas, emphasized the goal of making green transportation accessible and affordable through this partnership.

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