Chinese automaker BYD and Volkswagen have paired up to produce some really exceptional sort of electric cars and other vehicle with li-ion batteries in the coming days. During the last week, a memorandum of understanding has been signed by both these companies. Wang Chuanfu from BYD and Martin Winterkorn from Volkswagen were the people who signed that MOU in Wolfsburg Germany.

In a statement, Volkswagen Technical Development Board member says in this connection: “In the coming days, electric vehicles and Hybrids are going to play an important role and it’s especially true about the Chinese market and with the help of our potential partners like BYD, we can definitely succeed to expand our activities in the country.”

It seems that Volkswagen has kicked into action because of another German car maker who is eyeing on another EV automaker.

Source: AutoBlogGreen