What was once a promising electric vehicle venture might be losing some steam, according to a recent article on Treehugger, which measures the...
What was once a promising electric vehicle venture might be losing some steam, according to a recent article on Treehugger, which measures the China-based company BYD's electric car advancements, or lack thereof:
They had aggressive release schedules, great battery technology (at least on paper), and being based in China, they had some cost advantages over most of their competitors. They even had backing by none other than Warren Buffet! But then we started hearing about delays and lackluster sales in China...Which brings us to now: BYD is reportedly not going to start mass-producing the electric E6 in mid-2010 as planned.While the company did say it would be producing electric taxi cabs to be used in the city of Shenzhen, any further development hinges on the success of the hundred prototype cabs. BYD went on to say that, despite not mass-producing electric vehicles, it does still intend to increase sales of non-electric vehicles to 800,000 this year. Let's hope the cabbies provide some solid feedback so BYD can get back on track-and soon.Photo (cc) by Flickr user Hugo90