A Plug-In Hybrid Goes on Sale, in China
 

December 18, 2008, 12:13 pm

A Plug-In Hybrid Goes on Sale, in China
By Richard S. Chang
Wang Chuanfu, chairman and president of BYD Company, speaks to the media during the unveiling of the company’s F3 Dual Mode hybrid vehicle in Shenzhen, China. (Qilai Shen/Bloomberg News)
The questionable quality of Chinese cars has been the butt of many jokes, but it looks as though BYD Auto of Shenzhen, China, might be having the last laugh.

On Monday, BYD Auto began selling the first mass-produced plug-in hybrid car in the world.

Unlike conventional gas-electric hybrids, the F3DM can be charged from a wall outlet. It has a range of about 60 miles on a full battery charge. Its lithium-ion batteries can be fully recharged in as little as seven hours, said BYD, which stands for Build Your Dreams. And the batteries can be 50 percent recharged at a special station in 10 minutes.

The car also has a 1-liter gas engine, which, according to media reports (Treehugger and Autoblog Green), recharges the batteries to extend the range.

BYD Auto only began building cars in 2003. (Ryan Pyle for The New York Times)
For those of you keeping score, BYD Auto has beaten General Motors and Toyota in bringing a plug-in hybrid to market. The Chevrolet Volt goes on sale at the end of 2010. Toyota is planning a plug-in hybrid, also for 2010.

“The development of electric-powered vehicles is the best way for the Chinese auto industry to surpass other leading countries,” Wang Changfu, BYD’s founder and chairman, told reporters at an unveiling ceremony in Shenzhen.

Mr. Wang added that the F3DM, with a price of about $22,000, initially will be targeted at government agencies and corporate customers. (In a surreal event, Mr. Wang drove the concept version of the car on the Cobo Center floor during the 2008 Detroit auto show.)

BYD Auto was founded by Mr. Wang in 1995 as a manufacturer of cellphone batteries. Even though the company only began building cars in 2003, it has become one of the major players in the Chinese auto industry.

According to The Wall Street Journal, Mr. Wang told reporters that the company plans to sell 350,000 total vehicles in 2009, which is nearly twice the number sold in 2008. The company plans to launch four new vehicles next year, including an electric car.

In September, Warren Buffett bought 9.9 percent of the firm, which may signal BYD’s entrance into the United States market in the near future.

Mr. Wang said at the time: “If BYD were to enter the North American market, Mr. Buffett’s investment would enhance the BYD brand name.”

http://wheels.blogs.nytimes.com/2008...sale-in-china/

With oil futures (temporarily) below $40/barrel, subsidized gas prices in China, and US automakers looking for help from taxpayers, Warren Buffett shows us how to invest in the future.

Buffett can't be wrong... Our power grid can handle the additional load at night.

im going to buy $2000 worth of their stocks. lets see how it goes.

they are on the HK stock exchange, #1211 BYD Co.

http://images.drive.com.au/drive_ima...lliant_m_m.jpg

I'm gonna pass on buying a Chinese car. Look at that A pillar.

the chinese are going to buy them. production will only go up.

and their stocks will go up.

and i will make money.

haha, hopefully. and that pic is not this company. but yeah, the chinese are not known for safe automobiles.

the article specifically mentioned that this company could change that view of poor quality cars.

But can the Chinese do THIS???:

http://www.youtube.com/watch?v=cUWOoybID6s

well looks to me like the A pillar is still straight and the roof between it and the B pillar is what has crumpled. the sill of the drivers door has me really worried.