BYD inks Yunnan deal

Domestic carmaker BYD recently signed an agreement with Yunnan Investment Holdings Co Ltd to jointly promote electric vehicles in the southwestern province.

According to the agreement, all-electric taxis made by BYD will be put on the roads in Yunnan, followed by the automaker's pure-electric buses for public transportation, tourist services and government use.

The two also plan to build a plant in Yunnan to make electric vehicles, but are still in discussions on the details.