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BYD will become the third car manufacturer to produce cars in the North African state. Renault has already set up two car factories in Morocco, and PSA Peugeot Citroen will begin producing cars near the coastal city of Kenitra in 2019.
Bain & Company, a global consultancy, projected a strong increase in Chinese outbound merger and acquisition deals over the short term for capturing new capabilities and accessing global market.
Battery power/weight requirements for receiving subsidies have also been increased from 90 wh/kg to 105 wh/kg.
Baidu President Zhang Yaqin announced at the conference that the company and BYD plan to jointly mass produce Level 3 self-driving vehicles within three years. According to SAE International, Level 3 automated driving means the self-driving system can take control in certain situations, such as on freeways.
BYD Motor's President Stella Li believes the partnership will be critical to the development of electric vehicle technology by creating new financing alternatives to a "broader range of clients".
来源：资阳报