Daimler, BYD Team Up to Build an Electric Sedan

Chinese automaker BYD has long promised a low-cost, high-quality electric sedan. And up until now, it has failed to deliver. The company may have just gotten the kick in the pants it needs, however, now that it has partnered with European automaker Daimler to build a four-door electric sedan--a different model than the electric e6 car that BYD has reportedly been working on.

The partnership makes good business sense for both companies. BYD has plenty of capital (including $250 million from...