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Chinese electric car manufacturer entered the US market by selling bus.
In this photo taken Monday, April 11, 2016 artists participate in an event to present the Yuan, the latest plug-in hybrid mini-SUV BYD in Beijing, China Chinese carmaker that sold more electric cars last year Tesla, Nissan and GM handset takes a back road in the US market on a bus powered by battery AP Photo Ng Han Guan.
Chinese carmaker that sold more electric cars last year that Tesla, Nissan or GM takes a small road in the US market on a bus powered by battery.
Absorb around the cost and consumer sales risk, BYD Co has quietly built a US company supplying rechargeable buses to transport agencies environmentally Its factory north of Los Angeles, opened in 2013, is on track to deliver 300 this year.
The company has dipped his foot in the automotive U S market by launching test fleet of plug-in electric taxis in Chicago and New York.
Sales of consumers are coming, but BYD has not yet decided when said Michael Austin, vice president for the United States, he said he could start developing a sales network in both coming years.
We have the manufacturing scale that can drive the cost to a point where we can make vehicles for export markets, including the US, Latin America and Europe that will change the game, the headquarters said Austin to BYD in this southern city next to Hong Kong.
Once that comes, we get the brand recognition because people are already rode our buses, said Austin.
BYD name means build your dreams is part of an emerging wave of Chinese companies that stand to benefit from global demand for solar and wind power, electric cars and other sources of clean, renewable energy.
In this photo taken Monday, April 11, 2016, Chinese men walk past a logo of BYD dreams Conference held in Beijing, China Chinese automaker BYD Co has sold more electric cars last year that Tesla, Nissan and GM combined is to take a small road in the US market on a bus powered by battery AP Photo Ng Han Guan.
They benefit from the interest of consumers up abroad and heavy expenses at home by the Communist Party to power China's leaders see what they call a new energy as an area where China can still win a role first profitable plan.
I have no doubt BYD can eventually break into the market in Europe or U S, said Cosmin Laslau, following the electric vehicle market for Lux Research in Boston.
It may take five to 10 years to reach an equal footing with GM, Nissan and Tesla, but it is certainly doable if we look far enough, said Laslău.
By deploying these first buses in the United States, BYD can get early lesson in how the price of the transport of batteries, he said, and if successful, they can point and say the battery you'll get in your electric vehicle has already made half a million miles on buses.
In 2014, China spent 83 3 billion in renewable energy, almost a third of the world total, which includes the construction of hydroelectric dams and wind farms, research grants to manufacturers and customers to subsidies.
In this photo taken Monday, April 11, 2016, Michael Austin, BYD Co Vice President for the United States, looks inside the last plug-in mini-SUV at the BYD Dreams conference in Beijing, China The manufacturer Chinese automaker that sold more electric cars last year that Tesla, Nissan and GM handset takes a small road in the US market on a bus powered by battery AP Photo Ng Han Guan.
China overtook the United States last year as the biggest market for electric appliances in unit sales, boosted by government subsidies of up to 60,000 yuan per vehicle 9.500.
BYD sales rose to 61.722 cars, beating Tesla Motors Inc. sales 50580 plug-in vehicles and more than triple the 15,393 Volts sold by General Motors Co., Nissan Motor Co. says sales of its sheet during the last five years in total 211000, which based on previous data suggest about 56,000 were sold last year.
Unlike startups that are burning money, BYD is profitable the company in which Berkshire Hathaway Warren Buffett Corp owns a 10 percent, has not yet released the results of 2015, but said in January profit rose about 500 percent from a year earlier.
BYD consumption patterns, like the Volt, hybrid two-mode plug-in-power with a small gasoline generator to extend the range beyond 150 to 200 250 to 300 miles of kilometers of charge.
The company started as a developer of the battery, founded in 1995 by engineer Wang Chuanfu and 20 employees of a company owned by the state It has grown to provide about half of the global market for cell phone batteries before extend in electric vehicles to the purchase in 2002 a small producer of gasoline cars that became BYD Auto Ltd.
In this photo taken Monday, April 11, 2016, Michael Austin, BYD Co Vice President for the United States, presents the latest mini SUV taken at the BYD Dreams conference in Beijing, China Chinese carmaker has sold more electric cars last year that Tesla, Nissan and GM handset takes a back road in the US market on a bus powered by battery AP Photo Ng Han Guan.
Last year marked the first time BYD Auto has provided more than half of sales BYD The rest comes from sales of batteries, solar panels, mobile phone components and power management technology.
labor BYD 180,000 includes 15,000 engineers in the development of the battery at its headquarters in Shenzhen, a spiral parking structure has 400 spaces for loading taxis and used cars the company has its own trail test for buses, modeled on the US department of site verification of transit buses in Altoona, Pennsylvania.
The first two buses of the BYD plant in Lancaster, California, went to the Antelope Valley Transportation Authority nearby, which plans to become the first fleet U S electric.
The agency buys 85 BYD buses for a total of 72 million They include 14 bus 60 feet long by 18-meter articulated that can carry 120 people with a range of up to 200 miles 320 kilometers on a single charge, 30 commuter coaches and 41 40-foot 12-meter standard bus.
Bus 12 meters 40 feet cost 660,000, against 500,000 for a diesel hybrid, according to executive director of the agency, Len Engel But maintenance is cheaper Most buses need new tires after only 20,000 miles 32,000 kilometers but BYD vehicles are still on their first series after 50,000 miles 80,000 kilometers away.
In this May 1, 2013, file photo, an electric bus produced by BYD Co China is stationed at the announcement of the opening of an electric bus manufacturing plant in Lancaster, California Chinese carmaker that sold more than electric cars last year that Tesla, Nissan and GM handset takes a small road in the US market on a bus powered by battery AP Photo Reed Saxon, file.
It is a bit more expensive, said Engel But with annual savings of up to 50,000 on maintenance which is amortized in three years and after that we make money.
Other buyers are transport agencies together in Los Angeles, Long Beach and Gardena California, Denver and St. Albert in western Canada.
Several technology companies in Silicon Valley talk with BYD on commuter buses on two floors possible for employees with cafes, leather interiors, video games and desktops, said Peter Mobley, director of marketing BYD for North America.
Outside North America, the BYD buses are used at Amsterdam Airport Schiphol and Japan, Hong Kong, Finland, Denmark and Uruguay.
BYD consumption patterns are, as GM Volt, dual mode with support and a small gasoline engine to produce additional power as needed to help expand the range.
In this May 1, 2013, file photo, an electric bus produced by BYD Co China is stationed at the announcement of the opening of an electric bus manufacturing plant in Lancaster, California Chinese carmaker that sold more than electric cars last year that Tesla, Nissan and GM handset takes a small road in the US market on a bus powered by battery AP Photo Reed Saxon, file.
The workhorse BYD e6 is a box-shaped electric midsize sedan used by all taxi companies in China and Europe The company has a test fleet of 20 to 50 in Chicago and prepares New York.
The brand is also an upmarket SUV from luxury compact in family and named for Chinese dynasties, including Song, Yuan and Tang have leather interiors and video rearview.
To reach American consumers, BYD will bring something new to the table, said Laslău He said a newcomer could target minded buyers with the budget of a model priced under 35,000 with a range of at least 200 miles 320 kilometers on one charge.
Austin said BYD can answer today, but think the price should be even lower below 30,000.
We are not a toy for the rich, he said that we are going after the mass market and if you deliver, you need to be cost competitive.
In this May 1, 2013, file photo, an electric bus produced by BYD Co China is stationed at the announcement of the opening of an electric bus manufacturing plant in Lancaster, California Chinese carmaker that sold more than electric cars last year that Tesla, Nissan and GM handset takes a small road in the US market on a bus powered by battery AP Photo Reed Saxon, file.
BYD batteries are heavier than its competitors, but the company says that their chemical mixture iron phosphate is safer than lithium and cobalt, that may catch fire if punctured.
Abroad, BYD faces more obstacles in countries that don t promote electric vehicles as aggressively as China.
In his hometown of Shenzhen, the local government has purchased 200 electric buses and thousands of taxis utility owned by the state installing charging stations BYD something can not count on other markets.
In the US, BYD faces a very large company to set up a sales network and service before you can start consumer sales, said Austin, a guy battery which joined BYD in 2007 from Motorola Inc. where he helped manage purchases of Chinese society of batteries for mobile phones.
Our success in 2015 probably accelerated some of our plans to bring consumer electric vehicles for export markets, he said that we have a lot of work to prepare for it.
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Chinese electric car manufacturer entered the US market by selling bus, Chinese electric machine between.