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Europe/China: Why Volkswagen Wants BYD in Its Battery Mix

When it comes to potential battery partners for plug-in vehicles, Volkswagen is now a triple-timer: The German automaker has a year-old partnership with Sanyo Electric to develop batteries for plug-in vehicles, and a three-month-old arrangement with Toshiba for an upcoming electric concept — and as of this week, it’s flirting with BYD Auto for a third battery deal. What did VW see in BYD that helped the China-based, Warren Buffett-backed company snag a tentative deal to supply lithium-ion battery technology for upcoming VW cars (the two companies have committed only to exploring options for collaboration)?
Source: earth2tech.com

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