August 29, 2024 – In a recent development that underscores the deepening ties between the automotive and ride-hailing industries, Cao Xi, Assistant General Manager of Brand and Public Relations at BYD, disclosed via a Weibo post yesterday that a delegation of senior executives from Uber had visited BYD’s global headquarters. The encounter marked a profound exchange on collaborative efforts aimed at advancing global low-carbon transportation solutions.
Visual evidence from the event showcases Dara Khosrowshahi, Uber’s Chief Executive Officer, engaging intimately with an array of BYD’s automotive marvels, culminating in a delightful acquisition of a scale model of the esteemed BYD Yangwang U8. This symbolic gesture underscores the mutual admiration and potential synergies between the two companies.
Earlier this year, on July 31st, Uber and BYD jointly announced the establishment of a long-term strategic partnership, outlining plans to integrate 100,000 BYD electric vehicles into Uber’s platforms across multiple global markets. This landmark agreement extends beyond vehicle integration, as the two entities also pledged to collaborate on the development of autonomous driving technologies, with the intention of deploying BYD’s autonomous vehicles on Uber’s network.
The rollout of this partnership is set to commence in Europe and Latin America, with ambitions to subsequently expand its reach to the Middle East, Canada, Australia, New Zealand, and beyond.
Uber’s financial performance in the second quarter of this year further underscores the robustness of its operations, reporting revenues of 10.7billion,surpassinganalysts′projectionsof10.57 billion. Moreover, the company boasted an operating profit of 796million,markingayear−over−yearincreaseof470 million and a sequential growth of $624 million, underscoring its financial strength and commitment to driving innovation in the transportation sector.
