Crypto CasinosAll ICOICO statsRatingReviewsBlogNews Wallets Mining Exchanges Chart Events

The Largest Auto Manufacturer in China Partners with Vechain - Vechain (VET) News

11 september 2018, 17:30 by Jofor Humani

Important Vechain Cryptocurrency News

BYD Partners with Vechain in Automotive Industry

BYD the largest auto manufacturer in China is partnering with Vechain to introduce blockchain in the Chinese auto giant’s manufacturing line. The plan to integrate blockchain powered solution into BYD product line was announced by Sunny Lu, the Vechain co-founder during the Worldwide Developer’s Conference on last week.

The two entities have been partnering at proof of concept level which will lead to introduction of some concepts developed through the partnership in 500,000 vehicles manufactured by BYD.

BYD is the global leader in the production of electric vehicles and the biggest auto manufacturer in China. The company is also a leader in manufacture of power storage batteries. It is estimated that 50 percent of phone batteries are manufactured by the company.

The cooperation with Vechain will enable BYD track vehicular performance and reward machine owners with credits for low carbon emission.

VET Price

Vechain Still with Good Prospects in A Generally Bearish Market

Vechain is trading at $0.014 losing 5.13 percent in the past 24 hours. However despite the coin market’s bearish tendency, Vechain is among the relatively stable coins even though it lost 4.82 percent against BTC. However Vechain can still be classified among the coins that have seen consistency not in terms of sustained appreciation by some really some bursts of exponential spikes.

The coin is currently ranked number 20 down by one step from 19. The coin has had good support and great potentials owing to the team commitment that led to the Binance announcement that it will support.

Before the token swap, the old VEN coin has plunged from its all time high of more than $7 in January to $1.66 on August, the coin has been one of those showing promise in adverse market conditions. Working with past data, Vechain has been predicted to increase significantly by the end of the year, although the bull market expected to bring it to that value is yet to kick in.

VET/USD Price Chart, Tuesday September 11th:

Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.

Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.

You may also like


Write comment 0 comments

You need to login to create comments.

Get the week’s best ICO right in your inbox