Two senior BYD executives told Reuters that along with dropping gasoline-fueled cars, the company also might offload its solar panel business and concentrate on new greener battery technologies.
BYD will unveil its Green Hybrid Technology at the Shanghai auto show on Saturday. Reuters sees BYD focus on hybrid cars, with a smattering of all-electric and ‘plug-in’ electric hybrid cars thrown in.
The story caused raised eyebrows and snickers among the auto executives that congregate in Shanghai for the auto show that will open its doors to the press tomorrow. Currently, EVs and hybrids sell only in homeopathic quantities in China. I am in Shanghai, and we’ll see what develops.