Chinese Company BYD Makes Bold Prediction to Enter U.S. Market by 2011
Chinese battery, turned electric car manufacturer, BYD made a presentation at the Detroit auto show last week. (“BYD” stands for “Build Your Dreams.”) Company chairman, Wang Chuan-Fu, made the bold prediction that its plug-in hybrid model, the F6DM, and pure electric model, the E6, should launch in the U.S. and Europe in 2011.
Although the BYD is already selling a smaller plug-in hybrid, the F3Dm, in China, it appears that the company still has a few strides to make before entering the U.S. market– Wheels blog at NYT notes that BYD handed out a paper brochure during their presentation oddly titled, “Paper Cut of BYD Car Culture.” It is unclear what the proper translation should have been. (Maybe “A Paper Brochure of BYD Car Culture”?)
While at the car show, Chuan-Fu was also reported to have met with Warren Buffett, whose company MidAmerican Energy bought 10% of BYD last year.
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