BYD Slows Electric Car Plans
PAPILLION, NE -- BYD Co., the Chinese carmaker backed by Warren Buffett, has given up a plan to mass produce electric cars in China by the middle of this year, the South China Morning Post said.
The company will make 100 E6 electric cars to be used as taxis in the city of Shenzhen, where BYD is based, the report said, citing BYD’s Chairman Wang Chuanfu. Further development of the vehicles will depend on the success of the taxis, the newspaper said.
Paul Lin, a spokesman for the carmaker, didn’t immediately answer calls to his mobile phone seeking comment. Lin on Feb. 24 denied a report that the introduction of BYD’s first electric car would be delayed.
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