SHANGHAI, Nov 15 (SMM) - BYD has become the first Chinese car company that is about to suspend production of fossil-fuel vehicles. BYD officially announced that it has signed the Memorandum of Understanding (MOU) on Zero-Emission Medium and Heavy-Duty Vehicles. The goal is to achieve 30% of sales by 2030 in terms of zero-emission of medium and heavy-duty truck, and 100% by 2040. The zero-emission will be realized by 2050. The relevant workers in charge of BYD revealed, “This is the first time that BYD has clarified the timetable for the ban on the sale of passenger and commercial vehicles powered by fuel.”

BYD, together with five well-known car companies including Volvo, Ford, General Motors, Mercedes-Benz and Jaguar Land Rover, involved in the global phase-out of fuel vehicles (including passenger cars box-type trucks) by 2040, and strive to take the lead in achieving zero-emissions commitments in major global markets by 2035. However, Toyota and Volkswagen refused to sign the letter of commitment, which are the most popular car companies in the world.

The Ministry of Economy, Trade and Industry of Japan is considering stopping the sale of traditional vehicles powered by internal combustion engines from 2035, and selling hybrid and electric vehicles. British Prime Minister Boris Johnson publicly announced that the UK plans to advance the ban on the sale of fuel vehicles from the original 2040 to 2030. There are 22 countries and regions around the world announcing a “ban of fuel vehicles” timetable.