Daimler AG is of course best known as the producer of Mercedes-Benz
vehicles, cars that usually sit toward the higher end of their respective classes. BYD
, on the other hand, makes batteries, cellphones, and inexpensive cars that often look an awful, awful lot like other, rather more expensive ones. Strange bedfellows, these, but according to a "knowledgeable individual" quoted by The Wall Street Journal
the two are getting closer to finalizing plans for an electric vehicle, freezing the design ahead of production to begin toward the end of 2012. The car is said to be called the GOLF, standing for Green, Oxygen, Light, and Friendship -- though that L could also double for Lawsuit given VW already sells its Golf in China. This partnership is similar to what BMW is doing, working with Brilliance China Automotive
to get a foothold into the potentially Chinese EV market, which is already starting to heat up and should only continue to do so over the coming years.