The European based automobile giant Volkswagen is now ready to have its hands on hybrid and electric cars. It has planned to expand its expertise on these fields by finding a link up with Chinese based automaker BYD. BYD is one of the major divisions of the BYD Corporation which has a good experience and expertise on Lithium-ion batteries.
The deal was finalized on Monday after the meeting of Volkswagen facilities in German by the BYD officials. Though it is certain that these two companies are going to work in tandem no terms are officially announced yet. When asked about the deal, Volkswagen officials said the move would make enhance their expansion into alternative propulsion strategy known as BlueMotionTechnologies and also will expand its growth in China. The European company also announced the deals with companies like Toshiba and Sanyo for partnerships demanding electric cars.
