#byd

BYD, China’s 4th largest automaker, has finally established a location in Southern California, although the digs are modest to say the least. BYD’s new home in America is an office within a used car dealership in Glendale, a Los Angeles suburb.

Of all the Chinese automakers, BYD (or Build Your Dreams) has been pegged for several years now as the one to bet on. A battery company turned car manufacturer, BYD was the first from China to display at the North American International Auto Show in Detroit, holding a press conference and making claims that have yet to come to fruition.

BYD, perhaps China’s best known car maker, is an acronym for “Build Your Dreams”, but their current product offerings look like someone else’s dreams shamelessly copied and sold under the Chinese automakers own badging.

BYD, the Chinese automaker backed by American investment magnate Warren Buffet, has delayed plans to bring their B6 electric car to America to better engineer the car for American tastes.

China is the world’s biggest auto market in the world, so it might not be so surprising that China is also Hyundai‘s new biggest market, after the automaker sold more cars in China than Korea for the second straight month. Buoyed by the success of the Yuedong (aka our Elantra) and the Tuscon crossover, Hyundai was able to move 57, 014 cars in China in May, versus 55, 339 in Korea.

Daimler, parent company of Mercedes-Benz and BYD, China’s fastest growing car company, established a joint venture to develop electric cars in China. Based in the industrial city of Shenzen, the two companies respective experience with electric cars complements one another. BYD is experienced with battery and drivetrain systems, while Daimler will bring their knowledge of safety and structural design to the table.

With BYD’s push into the American market this year, the partnership is an astute move for both companies, as China becomes an increasingly larger presence in the automarket, while Daimler is able to leverage its premium Mercedes-Benz brand to help propel sales and interest in their vehicles.

Hit The Jump To See The Official Press Release

[Source: World Car Fans]

The Chinese city of Shenzen recieved a fleet of 40 electric taxicabs last week, marking a historic milestone for China and electric vehicles. The taxis, made by Chinese automaker BYD have a top speed of 140 km/h, and are capable of getting 300 miles on a single charge.BYD, backed by American investor Warren Buffet, is planning to launch its cars in the U.S. market in late 2010, becoming one of the first makers of all-electric vehicles.

In a shockingly forthright appraisal of the Chinese auto market, Daimler CEO Dieter Zetsche laid out the harsh reality for the Chinese auto market, stating that petroleum-powered vehicles are not sustainable due to the massive demand, and that electric vehicles are imperative.

Chinese electric car maker BYD announced plans to establish a headquarters in Downtown Los Angeles, in a joint statement released with the Mayor of Los Angeles, and the Governor of California.

Chinese manufacturer BYD (Build Your Dreams) presented its e6 electric crossover at the Detroit Auto Show and announced plans to bring it to America later this year.

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

Volkswagen and Chinese automaker BYD (Build Your Dreams) have signed a “memorandum of understanding” announcing that the two car manufacturers will seek ways to work together to bring electric vehicles and hybrids to market.

Volkswagen recently announced its TwinDrive diesel-electric hybrid system and we recently reported on a rumor that the German automaker will bring an electric car to the Frankfurt Auto Show in September. BYD, which is now part-owned by Warren Buffett, already has a two plug-in gasoline-electric hybrids (the F3DM and the F6DM) on the road in China and plans to bring a full electric car (the e6, shown above) to market soon.

After an informal meeting in Germany, where BYD representatives had the chance to see VW’s facilities and drive the TwinDrive Golf (as well as the still-under-wraps electric car), the agreement was signed by Chairman of the Board of Management of Volkswagen AG, Dr Martin Winterkorn, and the Chairman of the Board of Management of BYD, Wang Chuanfu.

Official release after the jump:

After General Motors made it clear in its viability report submitted to the U.S. Treasury that the future of Saturn was uncertain at bes t, it appears as though Saturn’s network of dealers has its own plan.

Chinese atuo manufacturer Beyond Your Dreams (BYD) announced at the 2009 North American International Auto Show (NAIAS) in Detroit that is it currently working on developing a pure electric vehicle that will offer impressive range.

The manufacturer recently made news when it announced that Warren Buffet and MidAmerican Energy Holdings had invested $230 million for a 10 percent stake in the company. The money which will be used to continue the company’s expansion and the development of its e6 electric vehicle.