Chinese Electric Technology Attracts World’s Eyes

At the latest Detroit auto show the Chinese automobile manufacturer BYD Auto displayed its first plug-in electric auto hybrid F3DM.

 

By the end of this year, BYD, which produces 65% of the world's nickel-cadmium batteries, is planning to develop an environmentally-sound pure electric auto. The National Development and Reform Commission outlined China's ambitious plan to become the world's largest producer of electric autos by 2011, manufacturing up to 500,000 units annually.

 

BYD Auto already attracted world's most successful investors, including Warrant Buffet, who according to the Caijing magazine, recently bought 9.89 percent share of BYD for HK$1.8 billion.

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