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13 Dec 2008 HEADLINE


BYD Electric Car Zooms Into Weak Market



Source: LA Times
Class: SYNDICATED NEWS

SYNOPSIS: On Monday, the upstart company best known for making cellphone batteries will begin selling its $20,000 F3DM -- China's first mass-produced hybrid electric vehicle.

Shenzhen, China -- With the Big Three automakers tottering and China's once go-go car market in reverse, this might seem a bad time for a relative unknown to be launching a new vehicle. Then again, BYD Co. isn't rolling out any ordinary car.

On Monday, the upstart company best known for making cellphone batteries will begin selling its F3DM -- China's first mass-produced hybrid electric vehicle. The car is expected to retail for around $20,000 in China and make its way to U.S. shores in 2011.

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