Faster Than Originally Planned
China's BYD, now backed by rock star investor Warren Buffett, has decided to make a push in the U.S. market faster than originally planned. BYD chairman Wang Chuanfu announced at a BYD factory in China that one of the company's "most advanced" vehicle, the all-electric E6 (which we've written about more than a year ago), would be the first to be sold in the U.S. in 2010, ahead of schedule (it was supposed to be in 2011).
From the Wall Street Journal:
Mr. Wang said the company plans to pick a specific region within the U.S. and initially market "a few hundred" e6s, priced at slightly more than $40,000, through a small number of dealers. "In the beginning, our target customers are going to be government agencies, utilities and maybe some celebrities," Mr. Wang said. He added that BYD hopes to enter Europe with a similar strategy in 2011 or later.
The E6 is a 5-seater with an electric range of 300km (186 miles). It accelerates from 0 to 60 mph in about 10 seconds, and it should take from 7 to 9 hours to charge fully from a regular electrical outlet (less time with a "fatter pipe").
Warren Buffett Makes $1 Billion Profit on Electric Car Maker BYD, Decides to Invest More
GM is Weeping: BYD F3DM Plug-in Hybrid Goes On Sale in China, 3 Years Before Volt
BYD Delays Sale of Electric Cars in North-America to 2011
More Electric Cars
Second-Generation Smart Electric Drive Production Begins in November (With Some Tesla Under the Hood)
Adding Ultracapacitors to Hybrid Cars Could Boost Efficiency, Reduce Costs
Ford's Electric Cars Will Talk to the Power Grid, Pick Least Expensive Electricity Rates