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VW and BYD partner up for electric cars

Last week, Volkswagen and Chinese automaker BYD signed a memorandum of understanding to work together "in the area of electric mobility" and vehicles that use li-ion batteries. BYD Chairman Wang Chuanfu (yes, the guy who likes to drink battery fluid) and VW's Martin Winterkorn signed the MOU in Wolfsburg, Germany. Ulrich Hackenberg, Member of the Board for Technical Development at Volkswagen, said in a statement (available after the jump) that, "Hybrids and electric vehicles will play an increasingly important role [for VW], of course. ... Read more →

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