Build Your Dreams | TheDetroitBureau.com
Detroit Bureau on Twitter

Posts Tagged ‘build your dreams’

China’s BYD Dedicates L.A. headquarters.

Is long-delayed American debut finally at hand?

by on Oct.25, 2011

BYD has finally dedicated its new U.S. headquarters building in Los Angeles.

Chinese battery car maker BYD is taking a giant step closer to finally launching itself into the U.S. market with today’s opening of its U.S. headquarters.

With the debut of the new Los Angeles facility, the company promised to create 150 jobs as it puts a small number of 40-passenger electric buses into operation as shuttles at the Hertz rental office at Los Angeles International Airport.  But precisely when its e6 battery-electric SUV and other models will actually go on sale to the U.S. public remains anything but certain after a series of delays.

Short for Build Your Dreams, the Shenzhen-based maker has run into a number of problems that have seen its sales, earnings – and stock price – plunge over the last year.

Your Inside Source!

“L.A. and Shenzhen  are definitely the innovation centers for each of our nations,” proclaimed Wang Chuan-fu, BYD’s founder and chairman, during a dedication ceremony that drew an assortment of dignitaries and investors – including Charlie Munger, vice chairman of Berkshire Hathaway.

The investment arm for Warren Buffett, it currently holds a 9.9% stake in BYD worth $232 million after the two-thirds plunge the Chinese company’s stock has taken over the past year.

(more…)

BYD Bringing Two Battery Cars To Detroit Show

Despite recent setbacks, Chinese maker determined to enter U.S. market.

by on Dec.27, 2010

BYD plans to unveil a new version of the e6 battery car, dubbed the e6Premier, at next month's North American International Auto Show.

Despite recent setbacks, Chinese maker BYD is determined to enter the U.S. market – and it plans to give potential buyers a taste of what’s to come with the two battery-based vehicles it will unveil at the Detroit Auto Show, next month.

BYD will stage two world premieres, including the unveiling of a pure battery-electric crossover, the e6Premier, as well as the S6DM plug-in hybrid-electric vehicle.

This will mark BYD’s fourth appearance at the Detroit Auto Show, the most significant and widely-watched automotive event in North America.  Observers are betting that the Chinese maker will use its 25-minute news conference to lay out plans for finally launching its much-delayed U.S. dealer network.

http://www.thedetroitbureau.com/about/subscribe

Click Here for Free Subscription!

The e6, if it meets expectations, could help overcome the so-called “range anxiety” issue that many experts anticipate will limit sales of pure battery-electric vehicles, or BEVs.  While most can only manage 100 miles per charge, even with the latest lithium-ion batteries, BYD claims the e6Premier can manage 186 miles, in city driving and hit a top speed of 87 mph.

Using a variant of lithium technology, known as iron-phosphate, e6 reportedly can recharge in as little as six hours on a household plug or just 40 minutes using a 440-volt fast charger.  The numbers, however, have raised skepticism among some observers.

(more…)