SMRT Corporation Ltd said on Thursday that its unit, subsidiary, SMRT International Pte Ltd (SMRT), has entered into a Memorandum of Understanding (MOU) with green energy technology company, BYD Company Limited, to distribute and sell electric vehicles in Singapore.
Both parties will enter into discussions on the possibility of establishing a joint venture to develop, distribute and sell electric vehicles, including e-buses and electric taxi vehicles.
The MOU with BYD underlines SMRT's commitment to environmental sustainability, the transport group said.
SMRT became the first public transport provider in Singapore and South East Asia to purchase Euro V compliant buses in May 2008, and now has more than 140 Euro V buses on the roads.
SMRT Buses also started trials for two environmentally-friendly buses in January 2011, the German-made MAN A22 Euro V bus and its first diesel-electric hybrid bus made by China's Zhong Tong.
