Mercedes doubles 'green' spending in battery battle - 1 views
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Matteo Dotta on 27 May 10Daimler and BYD (China) plan to establish a development center to combine the German automaker's expertise in automotive engineering with BYD's battery and low-cost production know-how. The companies aim to create a new brand for the vehicle that will be positioned between BYD and Mercedes models. Development time may take about three years. Daimler said last month it will focus on cleaner technologies to take global market share from rivals BMW and Audi.