Report: Chinese Automaker BYD to Bring All-Electric e6 to U.S. Next Year

Report: Chinese Automaker BYD to Bring All-Electric e6 to U.S. Next Year
Share this Article

Chinese manufacturer BYD is getting ready to introduce its electric car to the U.S. in 2010.

According to the Wall Street Journal, BYD’s chairman Wang Chuanfu said the lithium-ion battery powered e6 will be ready ahead of schedule with a limited run of a few hundred vehicles.

With an estimated price tag of $40,000, BYD says the e6 has a range of 249 miles on a single charge.

BYD is a relatively new player in the auto industry. Up until 2003, BYD (which stands for “Build Your Dreams”) produced lithium-ion batteries for devices such as cell phones. BYD established its automotive arm in 2003 and has since earned the backing of Warren Buffett’s MidAmerican Energy Holdings which owns a 10 percent stake.

[Source: The Wall Street Journal]