Uber and BYD Partner to Deploy 100,000 EVs Globally, Excluding the US

Jul 31, 2024, 11:05 AM

Uber Technologies Inc. and Chinese automaker BYD have announced a multi-year strategic partnership to deploy 100,000 electric vehicles (EVs) on Uber's ride-hailing platform. The initiative will commence in Europe and Latin America, with plans to expand to the Middle East, Canada, Australia, and New Zealand, notably excluding the US. The collaboration aims to accelerate the transition to electric vehicles globally, leveraging BYD's expertise in EV manufacturing and Uber's extensive ride-hailing network. The partnership will also explore the development of autonomous-capable vehicles, enhancing Uber's efforts to scale autonomous vehicle technology worldwide. Financial terms of the deal were not disclosed, but the agreement includes driver incentives such as lower vehicle pricing, financing options, and charging discounts.