By on March 16, 2010

Wonder how a formerly little known company called BYD can turn into a major player in the auto business and turn a record profit? Here is one of the reasons: BYD “has scrapped its highly publicized plan to mass-produce pure electric cars on the mainland by the middle of this year,” writes Hong Kong’s  South China Morning Post.

All they’ll make will be 100 E6 electric cars to be used as taxis in the city of Shenzhen, where BYD is based. Further development of the vehicles will depend on how that test fleet will be doing. Now that is one way to delay production.

Bloomberg immediately leapt on the story, but Paul Lin, a spokesman for the carmaker, didn’t return their calls. He probably is embarrassed. On Feb. 24, he had  denied a report that the introduction of BYD’s first electric car could be delayed.

BYD had announced plans to market electric and hybrid cars in Europe next year including the E6. The company also planned to start selling the E6 in the U.S. late this year. Supposedly, the E6 hatchback will be able to travel 200 miles on one charge. That claim had raised eyebrows worldwide. Guess we’ll know more after the Shenzhen taxis have been running for a while.

BYD teamed up with Daimler this month to develop and sell electric vehicles in China.

BYD had signed another electric-vehicle agreement in May last year with Volkswagen.

Maybe, both of them convinced BYD to stick with batteries and to leave the car making to them.

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4 Comments on “BYD Scraps Plans For Pure Plugin...”


  • avatar

    Holy vaporware, Batman!
    So… what is BYD going to sell in the US? They’re already teasing at least two West-coast cities with talk of headquarters and distro centers. Wo bu dong…

  • avatar
    Some Guy

    You’d think that since taxis are used pretty well constantly, and don’t have time to “run home to momma” to get recharged between customers, using a pure electric car sounds like a bad idea.

  • avatar
    Martin Schwoerer

    OK, so Berkshire invested in BYD. On the other hand, Warren used to say he’d only invest in a company whos product he really understands.

    Would a Buffett be able to understand the technological and political implications of Li-Ion technology? I think not, and so one might be forgiven for thinking that Buffet had his eye off the ball when he sent that cheque to China.

    The E6 looks like a parody of a car from the inside, and slowly but surely, BYD’s credibility is being shot. This will be an interesting story.

  • avatar
    shaker

    Actually, I find that package attractive, and the car looks OK as well.
    Buffet’s not perfect, I suppose.

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