Chinese carmaker BYD defends its electric vehicle after fiery …

25 мая 2014 | Author: | Комментарии к записи Chinese carmaker BYD defends its electric vehicle after fiery … отключены
BYD e6 Electric Cars

Chinese carmaker BYD defends its vehicle after fiery

A collision that killed a driver and two passengers in Shenzhen new concerns about the ambitious which is backed by Warren

Word that the driver of the sports car fled the scene viral on China’s Twitter-like where stories of rich behaving badly are wildly The accident has been one of the top trending for days.

Interest in the crash was far heavier we could have imagined, BYD Paul Lin said in a phone Tuesday. We are very sorry for the and we are trying, of course, to find out why the car set on

The attention from social is why BYD stock may have plunged on the day of trading after the accident, Lin

BYD shares fell 5.9% in Kong and 2.6% in Shenzhen on The stock recovered Tuesday, 5.5% in Hong Kong and in Shenzhen.

The Shenzhen carmaker said in a statement Tuesday that the e6 had all government tests and had been as taxis in Shenzhen for more two years. In that time, the car has involved in 18 rear-end collisions. resulted in injuries, fatalities or the company said.

The most high-profile accident marks setback for BYD, which has to deliver on the optimism raised in by Buffett’s purchase of a 10% stake of the for $230 million.

Chief among those has been the failure to produce an electric car or breakthrough battery The overwhelming majority of its sales are of gas-powered cars.

BYD e6 Electric Cars

BYD, stands for Build Your is ranked 10th in China in market share, at 3.2%, to LMC Automotive, a global research

Sales in May were down 19% a year earlier, and the company has yet to selling its cars in the U.S. opening its North American in October on Figueroa Street in Los Angeles.

Michael Dunne, of auto consulting firm Co. in Indonesia, said the harsh reaction Monday reflected skittishness about the company’s

When it comes to the technology and the reliability and safety of their BYD has not been totally forthcoming investors, Dunne said. say, ‘Trust us. We know we’re doing, and Warren wouldn’t invest in us unless we the real deal.’

Still, Dunne said, the deserves patience considering it was only in 2003 and that Motors Co. and Nissan Motor Co. also had trouble delivering vehicles.

Imagine Ford, or Hyundai at that age, said. Not only does BYD ambitions to build cars but to build electric vehicles. No one has that well yet.

BYD e6 Electric Cars
BYD e6 Electric Cars

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