AutoGuide News Blog
The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
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]
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: