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BYD Looks to Triple EV Sales in 2016

China's push for EVs aids maker's quest.

by on Mar.30, 2016

China's BYD is looking to triple it sales to 150,000 units in 2016 compared with last year's results.

BYD Auto, the Chinese electric car company, which counts Warren Buffett among its investors, expects to triple its sales of EV this year with the help of incentives offered by the Chinese government, according to a statement from the company.

The Chinese automaker is already one of the largest builders of electric vehicles in the world and last year built more electric vehicles than rivals Tesla, Ford and General Motors. Only Nissan with its Leaf sold more electric-powered vehicles. In all, BYD delivered 58,000 vehicles in 2015, and expects to sell up to 150,000 vehicles this year.

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Global demand for battery-electric vehicles is expected to achieve a compound annual growth rate of 59.42%, according to a report available from Research and Markets of Dublin, Ireland. But this impressive growth could be even higher if BYD’s sales predictions are correct, the Irish firm suggested. (more…)

BYD Will Sell You LED Bulbs With Your e6 Battery Car

Chinese maker's dealerships will be an all-in-one outlet for the green-minded motorist.

by on Jan.11, 2011

Will the long-delayed BYD e6 finally reach the American market in 2012?

After a series of delays, Chinese automaker BYD is finally getting ready for its formal U.S. retail launch, company officials declared during a news conference at the Detroit Auto Show.

And the truly green-minded motorist will find more than just the e6 battery car and F3DM hybrid once the first in a planned network of regional showrooms open up in early 2012, they proclaimed.  BYD – which stands for “Build Your Dreams” –  wants those outlets to be something of an environmentally-friendly superstore, offering not only battery cars but the solar generation system that can provide power and even LED light bulbs to cut the energy needs of a motorists’ home.

News from The Detroit auto show!

“Our vision is not just cars,” explained Chuan-fu Wang, BYD’s founder and chairman, speaking through an interpreter.  The goal is to provide, “a truly zero-emission solution, not just for transferring emissions” from the tailpipe to the smokestack.

(more…)