BYD, maker of electric cars, buses, and taxis, has received a company record order of 3,000 EVs from Hangzhou, a Chinese city with a population of some 2.5 million people.
Hangzhou is located 110 miles southwest of Shanghai, and its 2.5 million peoplewill certainly make good use of the EVs supplied by BYD. China has been moving to increase ownership of EVs due to serious environmental concerns over sun-hiding smog that is causing a huge number of health problems.
BYD Auto was founded in 2003 and began production of their fully electric vehicles in 2008. The decision to dip into the EV market was initially a good choice for BYD, attracting a $230 million invest by none other than Warren Buffet. By 2009 the six year old company had already sold over 448,400 cars in China and began exporting cars to Africa, South American, and the Middle East.
In its home market, however, BYD has faced a skeptical Chinese public kept at bay by high costs and a lack of charging infrastructure. Increased benefits from the government and investment by private enterprises could tip the tide in favor of EVs though. China would certainly benefit from some zero emissions vehicles.
Source: Autoblog Green