BYD to sell EVs in US this year
Up to American standards?By year's end Chinese automaker BYD plans to sell an electric crossover named the e6 that will be "very affordable". While the vehicle will offer a top speed of 87 mph and a range of 200 miles, it will probably appear and feel a little cheap by American standards. Still, this has to be a little alarming to US automakers.
BYD, which began as a battery maker, is keenly positioned to benefit from the sale of battery-powered vehicles. Likewise, it's location in China works in terms of future markets, as well as from a labor cost perspective. In fact, BYD presents such a compelling story that super investor, Warren Buffett, has invested heavily in BYD.
Ultimately, the e6 probably won't be a big hit in the US just yet, but BYD's story is only going to become more and more compelling, not only for US investors, but for US auto consumers.
Labels: byd, byd e6 electric car
posted by Dahcredyns at
10:08 AM
6 Comments:
BYD’s big news in Detroit appears to center around their claim that the e6 will roll out in California this year.
There is a good article about BYD at this link location.
http://money.cnn.com/2009/04/13/technology/gunther_electric.fortune/
This company should not be taken lightly. There are some very good reasons why Warren Buffet has invested some of his own money.
Indigo Incarnates
I guess Chrysler had better get their tin cup out for more government begging, ha ha.
That is a great article Tom. I actually think I referenced it back in April. After reading, I started taking BYD seriously.
BYD is the king knock-offs typical of a Chinese company that the president admits he bought Sony and Sanyo batteries from Japan and copied them. They are also infamous for their wanton knock offs of Toyota Corolla Mercedes C series (BYD F8) to Porsche Cayenne (BYD T6). I can't believe Warren Buffet supports this kind of company with blatant IPR practices and gave them money to continue this business practice.
And that's why China can't sell such vehicles in most foreign markets, but they can sell them in China.
Is this avoidance of copyright and patent law despicable and unfair? I agree that it seems so.
Nonetheless, any battery and vehicle sold in the US will have to be in compliance with US law.
And, while you ridicule Warren, think about how our entire economy has been financed recently on the Chinese buying our treasuries.
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