BYD Hopes for Large Share of Chinese E-Car Incentives

Company sees initial market being government, private and taxi fleets.

Published: 23-Sep-2009

FRANKFURT - Chinese electric car and battery maker BYD Co Ltd hopes to be a top supplier in incentive programs to boost the use of electric cars in Chinese cities, a senior executive told Reuters on Monday. "The Chinese government supports ten cities to each have 1,000 electric vehicles for public transportation," Henry Li, general manager of BYD Auto's export trade division, told Reuters on Monday at the sidelines of the Frankfurt Motor Show.

"With this we already have a quite high demand for electric vehicles", he said, adding BYD hoped to supply a big number of e-cars for this program in the coming years. "But there is a lot of competition, so it is hard to say, how many (contracts) we can actually get."FRANKFURT, Sept 21 (Reuters) - Chinese electric car and battery maker BYD Co Ltd hopes to be a top supplier in incentive programs to boost the use of electric cars in Chinese cities, a senior executive told Reuters on Monday. "The Chinese government supports ten cities to each have 1,000 electric vehicles for public transportation," Henry Li, general manager of BYD Auto's export trade division, told Reuters on Monday at the sidelines of the Frankfurt Motor Show.

"With this we already have a quite high demand for electric vehicles", he said, adding BYD hoped to supply a big number of e-cars for this program in the coming years. "But there is a lot of competition, so it is hard to say, how many (contracts) we can actually get."

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