Shanghai (ZXZC)- On Apr. 17, BYD and Chongqing Changan signed a cooperation framework agreement to deepen their cooperation in new energy vehicles (NEV) and work together to empower the development of Chinese NEVs.

BYD and Changan will jointly focus on the designing, matching, testing and manufacturing of NEV's electric drive products, which integrate electric control, electric motor and reducer into one. They target to finish the development of electric drive products and achieve mass production of the products. It is expected that some Changan models will carry the new high-tech product next year.

Changan boasts the most powerful research capability in auto industry for consecutive ten years. What's more, being excellent in electric drive area, BYD boasted the largest installed capacity of electric motor for NEVs in 2017. By making full use of their advantages, Changan and BYD will jointly finish the R&D of electric drive products which integrate electric control, electric motor and reducer into one and employ the new electric drive products into their models, aiming to produce high-performance, highly-integrated, lightweight, low-cost NEVs, which can be mass produced finally. 

The cooperation between Changan and BYD indicates Changan's determination of focusing on NEVs. Electric drive system is BYD's highly-praised product, which will help Changan's NEVs to be more competitive in the future. 

Apart from cooperating with BYD, Changan also conducted deep cooperation with NIO, Bosch, CATL, Didi and Tencent in various areas. The cooperation in electric drive products is just a start for both Changan and BYD. In the future, they will carry out deep cooperation in more areas to jointly promote the green mobility.