Chinese Automaker BYD Gets Greenlight to Sell Electric Vehicles …

6 Апр 2014 | Author: | Комментарии к записи Chinese Automaker BYD Gets Greenlight to Sell Electric Vehicles … отключены
GEM E6 Electric Cars

Chinese Automaker BYD Gets to Sell Electric Vehicles in and Shanghai

Photograph by Philippe via Getty Images

A BYD e6 electric

In late February, Chinese BYD won regulatory approval to begin electric vehicles in Beijing and Once the darling of international advocates and investors–Warren Buffett’s Hathaway Inc. owns a 10 stake in BYD–the Shenzhen-based has in recent years seen sales in China and shrinking One hurdle has been an insufficient of nationwide charging stations.

Until now, BYD has only allowed to sell its all-electric E6 in limited markets, including its of Shenzhen, where most have been for use as taxis. A fire in 2012–an E6 cab burst flames after colliding another vehicle in Shenzhen–created a of negative publicity, although BYD after an investigation that the battery was not the source of the fire. “In the the power batteries of such did not explode,” the company said in a Yet public skepticism lingered.

The company has since faced and delays in securing government to expand its sales channels.

one of the major obstacles to ramping up vehicle sales in China is Electric cars and charging present a classic chicken and egg Consumers are understandably wary of electric vehicles while to charge them remain in China. Yet without adequate it’s been hard to maintenance of even existing

GEM E6 Electric Cars

As the financial newsmagazine Caixin reported, about half of the charging stations at the Shenzhen have already been to fall into disrepair of minimal usage.

China’s grid is controlled by two large enterprises: State Grid and Grid. After a burst of enthusiasm–in 2009 Beijing a series of policies and subsidies to electric vehicle development–both Grid and Southern Grid curtailed their spending on infrastructure. In 2010 and in 2011, Grid spent approximately 3 RMB ($490 million) on electric-vehicle

But in 2013, it slashed its annual to less than 1 billion “Big charging stations several tens of millions of annually, and small ones millions,” a State Grid utility manager told Several existing stations already been turned

One sticking point has been a of technology. Power companies in want to push battery-swapping where a driver can exchange a battery for a fully charged one in a of minutes. Meanwhile auto including BYD, favor stations, where a driver a vehicle to power up his or her own battery. State Grid official Caixin, “We know more power-related safety, including interfaces between electric and stations that charge

While the future of electric remains uncertain in China, the smog and the dire need to emissions, Palo Alto-based has recently decided to enter the In January, Tesla announced it begin selling the electric S sedan for 734,000 RMB ($121,280), to appeal to luxury car buyers.

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