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22-Feb-2013

PHOTO CAPTION: Denza concept car developed in Daimler, BYD partnership.

Electric Car Future Seen as Bright in China

20 year veteran of China auto industry, Michael Dunne reports on developments in the country, noting that the government wants to avoid 'American-like' oil addiction, while also dealing with nation's air pollution.

What is China seeing in electric vehicles that the rest of the world is missing?

Chinese car companies are behaving like they really know something. If history is any guide, the answer could reside with Xi Jinping and a future master plan for cars and energy in China.

This week, Geely Automobile, Dongfeng Motors and other Chinese automotive firms are bidding to take over Fisker, maker of the Karma premium electric sedan. And Buffett-owned BYD plans to launch the Denza — a brand new electric car developed in a joint venture with Daimler – later this year.

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