Uber and BYD Team Up to Globalise EVs on Ride-Hailing Platform

02 Aug 2024 CW Team

Uber Technologies and the Chinese automaker BYD announced a multi-year partnership with the goal of introducing 100,000 new electric vehicles to the global ride-hailing platform.

The collaboration, which will initially roll out in Europe and Latin America, aims to provide Uber drivers with affordable pricing and financing options for BYD's electric vehicles. It is also set to extend to markets in the Middle East, Canada, Australia, and New Zealand.

The companies noted that high prices for electric vehicles and rising borrowing costs have slowed EV adoption over the past two years, leading to less-than-expected demand for these vehicles. However, growing concerns about climate change and the urgent need to reduce greenhouse gas emissions have accelerated the global drive towards electrification in transportation.

To support this shift, Uber and BYD will offer drivers various discounts on vehicle maintenance, charging, financing, and leasing, tailored to each market.

Uber CEO Dara Khosrowshahi highlighted that switching to an electric vehicle allows an Uber driver to achieve up to four times the emissions reduction compared to a regular motorist, due to the higher number of hours they spend on the road.

The companies also announced plans to integrate BYD's vehicles with self-driving technologies into the Uber platform.

In related news, BYD's US competitor, Tesla, is expected to reveal its robotaxi product in October as it seeks to pivot following a decline in EV sales in the first half of the year. Although BYD was the world's largest electric vehicle maker last year, Tesla has since regained its leading position.

Infrastructure Energy

17 Sep 2025

NARCL Sells Rs 37.63 Billion of Wind World Debt to Omkara ARC

The National Asset Reconstruction Company Limited (NARCL) has successfully sold Rs 37.63 billion of Wind World’s outstanding debt, marking a significant step in managing stressed assets within India’s renewable energy sector. The transaction forms part of wider efforts to resolve non-performing loans and bolster financial stability in the industry.Omkara ARC emerged as the anchor bidder in the deal, demonstrating strong investor interest in renewable energy debt. Anchor bidders play a vital role in ensuring successful debt resolution and attracting participation from other investors in suc..

Madhya Pradesh Targets 50 Per Cent Power From Renewable Sources

Madhya Pradesh is ramping up its green energy generation, aiming for renewable sources to account for 50 per cent of the state’s total power consumption, a senior official has announced.“Renewable energy cannot be ignored. Solar power is now a viable option, and we are committed to significantly enhancing green energy generation in Madhya Pradesh, targeting 50 per cent of total power consumption from renewable sources,” said Manu Srivastava, Additional Chief Secretary of Madhya Pradesh Urja Vikas Nigam, on Friday.Speaking at the inaugural session of the 8th GRIHA Regional Conclave in Bho..

High-Speed Expressway to Cut Ayodhya–Varanasi Travel to Two Hours

Travel between Ayodhya and Varanasi is set to become faster and more convenient, as the National Highways Authority of India (NHAI) begins planning a nearly 200-km high-speed access-controlled expressway connecting the two cities. The tender process has been initiated to prepare the Detailed Project Report (DPR) for the project.Former MP Lallu Singh stated, “Upon completion, the distance from Ayodhya to Kashi can be covered in just two hours.” He added, “The expressway will connect to the Purvanchal Expressway, further enhancing connectivity from Ayodhya to Delhi.”The Ministry of Road ..