Under the multiyear partnership, the two companies will offer drivers lower vehicle pricing and financing.
Uber Technologies will team up with BYD to put 100,000 electric vehicles onto the ride-hailing company’s platform, in a major deal between American and Chinese businesses that notably excludes the US.
That expansion has largely been driven by climbing the sales ranks within China’s massive car market, and the company is now embarking on an expansion into countries where its brand is less established. China has built a formidable lead in batteries and the EV supply chain, and the US has been trying to push back against that dominance with a combination of punitive tariffs and tens of billions of dollars in tax credits for companies and consumers.
One of the company’s challenges has been the dearth of affordable, long-range and relatively spacious EVs to compete with low-cost cars powered by combustion engines that are popular among ride-hail drivers, such as the Toyota Prius.
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