The company chairman Wang Chuanfu told the Wall Street Journal that the company, which is part-owned by investor Warren Buffet, is now gearing up for a U.S. push. It plans to raise money by offering shares in the company in China to help finance the expansion.Not something for the family vacation, but should do a good job commuting.
BYD plans to offer a few hundred of one of its most advanced cars in the U.S., the five-seat e6, which takes seven to nine hours to fully charge and has a 250-mile range.
The $40,000.00 price tag is dictated by the cost of the batteries. (Similar for the Volt.) Battery technology still has a ways to go before electric can replace some type of combustion.
But I guess the real question is if the Chevy Volt can compete with this in the long run.