BYD, a Chinese company known mostly as a cell-phone battery manufacturer, plans to enter the Western auto market with an electric car that could short-circuit entries from Detroit’s Big Three and others, the Wall Street Journal reports. BYD hopes the relative engineering simplicity of an all-electric design will grant a leveled playing field against giants like General Motors and Toyota.
BYD’s model, called the F3DM, is powered entirely by battery and can be charged with a wall outlet. BYD’s ample supply of cheap labor and research will enable it to price the car at around $22,000—almost half of what GM will ask for its electric Volt. Concerns remain, however, regarding battery safety.
It had to come from someplace...why not China? If no one else is going to do it, at least the Chinese can help get the electric car back and running again.
ReplyDelete-Andrew
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