BYD’s EV and HEV to go into Europe

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With consumers’ demands of energy saving cars keeping going up, the Chinese car manufacturer BYD, with Warren Buffet’s investment, plans to sell its electric vehicles and hybrid electric vehicles in Western European markets next year, according to foreign media report.

Spokesman of BYD Paul Lin released the vehicles that will be on sale in European market include E6 electric vehicles. BYD is a Chinese car manufacturer with headquarter located in Southern China Shenzhen and was fast developed in China last year. Last year, the company totally sold 48 hybrid electric vehicles F3DM to Chinese enterprises and government departments and the E6 electric vehicles have been already on sale in Chinese market. While consumers are managing to reduce the oil and gas cost and emission, BYD is trying to sell its new energy vehicles in the American and European markets.

Dieter Zetsche, CEO of Daimler said last week, as the second largest luxury car manufacturer with headquarter in Stuttgart Germany, Daimler plans to join hands with BYD to make over 100 million Euros to establish a Joint Venture.

BYD used to sign a cooperation agreement for electric vehicle with the largest car manufacturer in Europe, Volkswagen in last May, according to which the two companies will discuss the cooperation in the fields of hybrid electric vehicles and lithium ion battery electric vehicles.

Jasmine

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