BYD’s All-Electric Car To Go On Sale Next Month

BYD chairman Wang Chuanfu tells the WSJ that his company will have an all-electric car on sale in China by the end of November. That is the reason that Warren Buffett splashed out $230 million for a 10% stake in BYD last month (see “Buffet Buys Batteries“). BYD’s vehicle will look a lot like General Motors’ forthcoming Chevy Volt, but will hit the market two years earlier, the WSJ says. It will also beat out Toyota’s next-gen hybrid.