20 Jan '16, 12pm

BYD Takes #1 Electric Car Spot As Electric Car Sales Triple In China (Video Interview)

BYD Takes #1 Electric Car Spot As Electric Car Sales Triple In China (Video Interview)

The electric car market tripled in China in 2015. As part of that, BYD became the largest electric car producer in China and in the world as a whole. BYD expects the Chinese electric car market to double every year in the next 3 years. BYD’s electric buses are now running in over 160 cities. BYD doesn’t really see Tesla as a competitor. The market is huge, leaving a ton of room for growth throughout the market. More than competitors, Tesla and BYD are partners in growing the transition to electric vehicles. Additionally, Tesla currently sells to a high-end market, while BYD serves more affordable markets, so they are simply in quite different segments. I had to ask repeatedly about whether the very popular BYD Tang and BYD Qin would come to the US and/or Europe, two plug-in hybrid models with great performance that have been extremely popular in China. Unfortunately, the w...

Full article: http://cleantechnica.com/2016/01/20/byd-takes-1-electric-...

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