BYD Gets Gov't Go Ahead to Build E6 Electric Car
BEIJING -- New-energy vehicle and battery manufacturer BYD Automobile Co said Monday that it has won approval to produce the e6, its first pure electric car, in the country.
A BYD official said the e6 accelerated the auto maker's new-energy vehicle strategy and will help domestic car makers compete against international rivals.
China-based BYD, backed by billionaire Warren Buffet, will launch the plug-in e6 sedan in China in the first half of this year for about 300,000 yuan (43,988 U.S. dollars), mainly supplying government, public services and taxi fleets. BYD also plans to sell the e6 in the United States at the end of this year with a price tag of about 40,000 dollars.
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