LeToya Luckett - Back 2 Life
By Richard S Chang September 21, 2009 September 21, 2009 24:00 4 4 24:00.
Fred R Conrad New York Times Wang Chuan-fu, chairman of BYD, the International Auto Show in Detroit in January.
BYD, the Chinese automaker, is under 15, but the company wants to be the largest automaker in the world by 2025, the Associated Press reports.
It is our company's long-term goal of China's No. 1 automaker by 2015 and to be the first automaker in the world by 2025, said Jasmine Huang, a senior marketing representative BYD.
The company, which was founded as a mobile phone battery manufacturer in 1995, has already reached a little in his short time in the latest automotive December, BYD became the first automaker to sell a plug-in hybrid car, beating General Motors and Toyota on the market Warren Buffett holds a stake of 10 percent in the company and recently declared its intention to increase its share.
The participation of M. Buffett BYD has not, of course, guarantee success in the US, where the cars manufactured in China still have to sell Aaron Bragman, an analyst with the automotive industry with the consulting firm IHS Global Insight in Ann Arbor, Michigan said that the continued expansion in Asia would be enough to push BYD on top.
On Monday, BYD said he hoped to play a big role in pushing China towards electric cars, according to Reuters.
The Chinese government supports 10 cities each have 1,000 electric vehicles for public transport, Henry Li, general manager of the commercial division of BYD Auto Export, told Reuters on Monday on the sidelines of the Frankfurt Motor Show.
With this, we already have a fairly high demand for electric vehicles, he said, adding BYD hopes to provide a large number of electric cars to this program in the coming years, but there is a lot of competition, so it is difficult to say how many contracts we can actually get.
BYD plans to introduce its e6 electric car in China by the end of 2009 and in the US by 2010, Li said Europe would follow before the end of 2011.
Chinese BYD wants automaker Toyota Top 2025 New York Times, Chinese automaker wants, toyota.