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The Wall Street Journal is reporting that Chinese automaker BYD is planning a new-share sale in China to fund the earlier-than-planned launch of their battery electric vehicle here in the States. The shares sale will also help pay for a second production line near Shenzhen, China, to boost production of BYD's automotive-grade lithium-ion batteries. The launch is planned for next year, giving the automaker only a few months to start promoting the vehicle here to not only raise awareness — most Americans haven't heard of BYD — but to build a brand image, make the vehicle desirable in a market where style and image are just as important as fuel economy. And perhaps styling and image is where the BYD may fall short. At the North American International Auto Show earlier this year, BYD's F6 and F6DM (dual-mode) received a luke-warm reception, criticized for being lackluster and dull. There's no wow or cool factor, which will make branding the BYD as anything other than an environmentally-friendly high-tech choice difficult.
Source: wsj.com (login required)
Photo: BYD
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By Eric E Posted: 8/22/2009 7:53am PDT
I'd buy one.
By Chris O Posted: 8/22/2009 10:16am PDT
By Pedro Posted: 8/23/2009 3:13am PDT
By arturo123 Posted: 8/24/2009 1:14am PDT
By steve Posted: 8/24/2009 5:19am PDT
Oil companys did not want to see it in mass production 100 years ago there were Electric cars
in production that went 100 miles on one charge.
By Chris O Posted: 8/24/2009 7:41am PDT
By Mark Posted: 8/24/2009 4:05pm PDT
By Noel Park Posted: 8/24/2009 4:15pm PDT
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