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No new posts Warren Buffett-Backed BYD Plans to Start European Car Sales Next Year 03/31/10
 

 
 
 
   

LAST UPDATE: 03/31/10 - DATE VIEWED: 09/07/2010

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(Bloomberg) -- BYD Co., the Chinese automaker backed by Warren Buffett, plans to start selling electric and hybrid cars in western Europe next year on rising demand for fuel-efficient vehicles.

The E6 electric car is among models BYD plans to sell in Europe, Paul Lin, a company spokesman, said by phone today. The company may eventually design and build cars in Europe, he said.

BYD, the fastest-growing Chinese automaker last year, plans to begin European and U.S. sales as consumers seek to curb spending on gasoline and reduce emissions. The company may start U.S. sales this year, Chairman Wang Chuanfu said in January.



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