BYD to sell electric car in U S market next year

25 Фев 2014 | Author: | Комментарии к записи BYD to sell electric car in U S market next year отключены
BYD e6 Electric Cars

BYD to sell electric car in U.S. next year

From WSJ 22, 2009

BYD Co. the Chinese auto part-owned by Warren Buffett’s is finalizing plans for an all-electric car that would be sold in the next year, ahead of the schedule, Chairman Wang said.

In an interview at a BYD factory Mr. Wang said the company to use money from a planned sale in China to help pay for the push, as well as for a second line for automotive lithium-ion near BYD’s Shenzhen

He said BYD wants to build up its name in the U.S. by offering one of its advanced cars, the five-seat e6, eventually expanding its offerings.

Mr. said the company plans to a specific region within the and initially market a few hundred priced at slightly more $40,000, through a small of dealers. In the beginning, our target are going to be government agencies, and maybe some celebrities, Mr. said.

He added that BYD hopes to Europe with a similar in 2011 or later.

BYD, lists shares in Hong plans to sell up to 100 million new in mainland China ahead of a on the Shenzhen Stock Exchange as as next year. The offering, still needs government could raise up to $500 based on current prices.

One of Mr. Wang’s confidence in attacking the car market is BYD’s ties MidAmerican Energy Holding Co. the of Mr. Buffett’s Berkshire Hathaway that paid about million for a 9.9% stake in

MidAmerican Chairman David who was also interviewed in Xian, MidAmerican is ready to assist foray into the U.S. market in any way we could be helpful. also might invest in new initiatives in the U.S. which, in to automobiles, could involve panels and battery technology for utilities.

BYD e6 Electric Cars

Mr. Sokol also MidAmerican hopes to boost its BYD if the chance arises. If in the future is an opportunity for us to continue to invest in we will be happy to increase our over time, but we will do it in with BYD, he said. Mr.

Wang said an increase is

The BYD e6 is a five-seat electric-powered passenger The company says it takes seven to nine hours to charge when plugged a regular home outlet. BYD sells a plug-in hybrid car a small gasoline engine to batteries that is called the BYD began selling it late year to fleet customers but has failed to make it available for

Some analysts have that problems with the lithium-ion-battery technology might dogged the car.

Mr. Wang to dispel the criticism, saying the is because BYD is waiting for government for private buyers in China to buy new cars.

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