BYD to target US and Europe

0 CommentsPrint E-mail Shanghai Daily, February 24, 2010
Adjust font size:

BYD Co, a Chinese car and battery maker founded by China's wealthiest man and backed by United States billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be improving demand in a recovering global economy.

BYD aims to export 5-10 percent of the 800,000 vehicles it should produce this year. Last year, its overseas sales were just 2.2 percent of its 450,000 vehicles, said BYD Marketing Manager Paul Lin.

"Exports in 2009 were about the same as 2008 due to the financial crisis," Lin said. "Exports this year should be many times higher." He said BYD aims to sell its clean-technology cars in Western Europe next year, following plans to export electric cars to the US later this year.

"West Europe is a mature market and competition is keen," he said. "We see opportunities in new energy cars because we are on the same track" as Western auto makers in making them.

BYD, which employs 130,000 people, has said it aims to be a major global player by 2025, with vehicle sales of 8-9 million. Its F3 sedan was the best-selling car in China last year.

The company has exported to more than 70 countries, mainly in emerging markets such as Egypt, Russia, Iran and countries in Southeast Asia.

Its cars typically sell from as little as 30,000 yuan (US$4,400) to 200,000 yuan, and its e6 electric car is expected to cost around US$42,000 when it hits showrooms in the US.

Lin said the company has already sold several hundred e6 cars in China, mostly to government clients, but is waiting for the government to roll out subsidies, probably in the first half of the year, before selling to the mass market.

Founded in 1995 by entrepreneur Wang Chuanfu, BYD has enjoyed a rapid rise, first as a mobile phone battery maker for Nokia and Motorola and, more recently, making cars.

Buffett's Berkshire Hathaway bought a 10 percent stake in 2008.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 色欲欲WWW成人网站| 91麻豆精品激情在线观看最新| 日韩精品电影一区| 国产福利精品一区二区| 99精品视频在线观看免费| 性色AV无码一区二区三区人妻| 亚洲国产精品sss在线观看AV| 男人女人做a视频| 午夜精品不卡电影在线观看| chinese麻豆自制国产| 扁豆传媒视频免费观看| 久久青草国产精品一区| 爱情岛论坛亚洲品质自拍视频| 国产午夜福利在线观看视频| 亚洲欧美另类中文字幕| 国产精品观看在线亚洲人成网 | 国产精品无打码在线播放| 99精品无人区乱码在线观看| 嫩草影院在线播放www免费观看| 中国高清xvideossex| 欧美77777| 偷炮少妇宾馆半推半就激情| 香蕉视频免费在线播放| 国内精品人妻无码久久久影院导航| 一个人看的www免费高清| 日韩剧情片电影网址| 亚洲精品天堂成人片AV在线播放| 色天使亚洲综合一区二区| 国产又爽又黄无码无遮挡在线观看| 免费能直接在线观看黄的视频| 天天操夜夜操免费视频| 一级白嫩美女毛片免费| 日韩国产欧美精品在线| 亚洲av中文无码乱人伦在线视色| 欧美亚洲视频在线观看| 免费看国产一级特黄aa大片| 精品视频一区二区三区在线播放 | 热re99久久国产精品| 伊人久久大香线蕉综合影| 男女交性永久免费视频播放| 国产乱子精品免费视观看片|