China's Buffett-backed BYD inks first overseas deal on electric cars

Reuters    Translate This Article
24 October 2012

BEIJING (Reuters) - Chinese car maker BYD Co Ltd , backed by billionaire investor Warren Buffett, said on Wednesday it will supply 50 electric cars to London cab service provider greentomatocars, marking its first overseas deal.

BYD's e6 will join greentomatocars' fleet, which now has more than 300 hybrids, by the second quarter of 2013, the two companies said in a joint statement.

The e6 joined the taxi fleet of Shenzhen in May 2010 as part of Beijing's pilot project to put 5 million plug-in hybrids and electric cars on the road by 2020. BYD will add 500 more to the current over 300 e6 cabs running in the city.

Battery maker-turned-car manufacturer BYD is seen as a domestic pioneer in green auto technology in China.

The safety of its electric vehicles had been called into question after an e6 taxi caught fire in a fatal accident in May. A probe showed the lithium-ion phosphate battery that powers the car was not the cause of the fire and it was due to the high-speed collision, BYD said in August.

In late September, BYD had also delivered 12 e6s to the Chinese government.

(Reporting by Fang Yan in BEIJING and Kazunori Takada in SHANGHAI; Editing by Muralikumar Anantharaman)

© Copyright 2012 Reuters

Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. 'Reuters' and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies. For additional information on other Reuters media services please visit reuters.com/newsagency.

Every day Global Good News documents the rise of a better quality of life dawning in the world from good news reported by the press; and highlights the need for introducing Natural Law based-Total Knowledge based-programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.



Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Google) Select a language English to Afrikaans English to Albanian English to Arabic English to Belarusian English to Bulgarian English to Catalan English to Chinese (Simplified) English to Chinese (Traditional) English to Croatian English to Czech English to Danish English to Dutch English to Estonian English to Filipino English to Finnish English to French English to Galician English to German English to Greek English to Hebrew English to Hindi English to Hungarian English to Icelandic English to Indonesian English to Irish English to Italian English to Japanese English to Korean English to Latvian English to Lithuanian English to Macedonian English to Malay English to Maltese English to Norwegian English to Persian English to Polish English to Portuguese English to Romanian English to Russian English to Serbian English to Slovak English to Slovenian English to Spanish English to Swahili English to Swedish English to Thai English to Turkish English to Ukrainian English to Vietnamese English to Welsh English to Yiddish

(Altavista babelfish) Select a languageEnglish to Chinese-simpEnglish to Chinese-tradEnglish to DutchEnglish to PortugueseEnglish to FrenchEnglish to GermanEnglish to GreekEnglish to ItalianEnglish to JapaneseEnglish to KoreanEnglish to RussianEnglish to Spanish

Send Good News to Global Good News.

Your comments.