WSJ Reports BYD to Sell in U.S. Ahead of Schedule

 

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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Comments (8)
  1. I think it's better looking than the LEAF.
    I'd buy one.
     
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  2. So far all BYD has shown is that they are good at hyping the EV's they are supposed to introduce (boosting their shareholders profits enormously in the process), but rumour has it that the "first mass produced PHEV" the F3DM is in fact only produced in very small numbers. At some point they will need to deliver the hype...
     
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  3. So Dear Lyle...perhaps you'll have to take it back what you said about BYD being years of distance to sell they're electric car abroad...Thanks to Warrent Buffet, the E6 will come as soon as possible and, if EESTOR doesnt prove to be the "real deal", the LEAF and VOLT wont have a chance with E6.The fight as beggan and i wanna stay on the front row to watch it. Thanks also to allcarselectric!!!
     
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  4. hype!...hype!...like an empty shell, looks solid outside but empty inside...nice try BYD... u know what?... BYD & EESTOR should be partners....
     
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  5. Electric cars should of been on market 20-30 years ago
    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.
     
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  6. Turns out BYD only plans to sell a few hundred specimens of the E6 in 2010 without any specifics about any mass introduction after that. Fits the pattern of hyping their EV prowess to boost their stock value, without actually delivering on any significant scale on the hype.
     
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  7. Does BYD have a manufacturing partnership with Toyota? That car looks absolutely identical to a previous generation Corolla--not just the profile, but in every detail except the badge. Would Buffet be partisan to such a blatant rip-off?
     
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  8. Not in this life or the next. Come on Volt!
     
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