Space Industry and Business News  
China's BYD to bring plug-in hybrid, electric cars to US in 2011

China to build helicopter manufacturing complex: state media
China is to build an eight-billion-yuan (1.2-billion-dollar) helicopter production complex in the north of the nation in a bid to meet a huge void in the market, state media reported Monday. The complex will be set up by the Aviation Industry Corp. of China in Tianjin city, near Beijing, the official Xinhua news agency said. China needs about 3,000 helicopters in the next 20 years, Xinhua quoted Fang Yong, the company's deputy manager, as saying. The company will start construction in the first half of the year and expects to make two helicopters in 2009, the report said. Sales are forecast to reach 30 to 40 billion yuan within 10 years, according to the report.
by Staff Writers
Detroit, Michigan (AFP) Jan 12, 2009
China's BYD Auto announced plans Monday to enter the US market in 2011 with a range of electric and plug-in hybrid vehicles.

It would likely be the first Chinese automaker to enter the highly-competitive US market and beat many established automakers in offering an extended-range electric vehicle to US consumers.

General Motors, Chrysler and Nissan are expected to be the first to introduce electric cars in small quantities to the United States in 2010.

Toyota expects to introduce a plug-in hybrid at the end of this year and a two-seater electric car in 2012.

Ford plans to introduce a small electric car in 2011 and a plug-in hybrid in 2012.

Chairman Wang Chua-Fu said BYD will soon start developing a sales and distribution network in the United States.

"Our goal is to introduce BYD electric vehicles here in 2011 and set up our manufacturing facilities in US when it is appropriate," Wang said as he unveiled the vehicles at the Detroit auto show.

The lineup will include the F3DM, the world's first mass-produced plug-in hybrid sedan, which went on sale in China last year, and the battery-powered e6, a mid-size five-passenger crossover vehicle with a range of up to 250 miles on a single charge.

Wang was joined by David Sokol, chairman of MidAmerican Energy Holdings, the energy wing of Warren Buffett's Berkshire Hathaway, which last fall acquired a 10 percent stake in BYD Auto's parent company, BYD Company Ltd.

"For the electric-vehicle market to mature, the underlying charging infrastructure and technologies must mature at least simultaneously, if not first," Sokol said.

"We are working with BYD on developing charging technologies and infrastructure that would help promote plug-in hybrid and all-electric vehicles."

Established in 1995 thanks to a loan from Wang's family, BYD has clawed its way to becoming the second largest maker of lithium-ion batteries in the world, and got into building cars in 2003.

Due to low labor costs in China and low US import taxes for electric vehicles, the F3DM will be able to be sold for less than 20,000 dollars in the United States -- significantly lower than planned Japanese and US models.

Some say lingering bad feelings about Chinese consumer goods following the discovery of lead in Chinese-made toys and traces of melanin in Chinese milk last year may turn many US buyers off its entry into the US auto market.

But competitors and analysts are not taking BYD's ambitions lightly.

"There will be a lot of interest in big cities like New York and Los Angeles, and the fact that Warren Buffett invested in this company is reassuring," said analyst Jessica Caldwell of Edmunds.com.

"The price is right, and some may find it fashionable, but sales are likely to be small, at least at the start," she added.

"We dismiss any competition at our peril," said John Mendel, vice president of Automotive Operations for American Honda.

While there may be some initial stumbles, and some barriers to entry in terms of quality and standards, they will eventually "get it right. So will India. So will other entrants to the market."

David Zuchowski, Hyundai vice president of sales, was a bit more skeptical.

"My personal gut feeling is its (entry into the US market) is still three to five years away," he said.

"I think it may be India before China."

"The economy and the collapse of credit markets will prevent anything from happening in the next 12 months," he added, however.

Related Links
Car Technology at SpaceMart.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


China 2008 auto sales growth slows to eight percent: state media
Shanghai (AFP) Jan 12, 2009
Sales of vehicles in China rose about eight percent to 9.4 million units in 2008, less than half the growth rate for the previous year, state media reported Monday, citing an industry group.







  • Shortcovers turns iPhones into electronic books
  • Wall crumbling between televisions and computers
  • Windows 7 beta available worldwide on Friday
  • Sony debuts pocket-sized notebook computer

  • Hot Bird 10 Delivered For Multi-Payload Ariane 5 February Liftoff
  • Ariancespace Celebrates Year Of Successes
  • ISRO To Launch Four Foreign Satellites This Year
  • Arianespace To Launch Egyptian Satellite Nilesat 201

  • Protesters buy land earmarked for Heathrow expansion
  • NASA Balloon Mission Tunes In To A Cosmic Radio Mystery
  • Boeing Ends 2008 With 662 Commercial Airplane Orders
  • China moves to bail out aviation industry amid global crisis

  • Boeing Increases Capability Of On-Orbit US Navy Satellite
  • Boeing Develops Common Software To Reduce Risk For TSAT
  • USAF Tests Battlespace Information Solution On AC-130 Gunship
  • Harris Awarded Contract For USAF Satellite Control Network Program

  • Princeton Researchers Discover New Type Of Laser
  • Solving The Mysteries Of Metallic Glass
  • Brazil Begins Mechanical Tests On Satellites
  • Lockheed Martin SBIRS Team Delivers Major Subsystems For Second GEO Satellite

  • Berndt Feuerbacher New President Of IAU
  • Orbital Appoints Frank Culbertson And Mark Pieczynski To Management
  • Chris Smith Named Director Of Cerro Tololo Inter-American Observatory
  • AsiaSat Appoints New General Manager China

  • Mapping In A One Meter Sea Level Rise
  • DMCii and DynAgra Help Farmers Control Costs And Boost Yields
  • Malaysia uses satellite to fight illegal logging: report
  • India To Launch Own Online Earth Browser Dubbed Bhuvan

  • Raytheon Team Completes Final Major Milestones On Next-Generation GPS Control Segment
  • ESRI Announces Grant Program For CCIM Institute Members
  • Boeing Receives JDAM And SDB Production Contracts
  • Savi Wins Role On DoD RFID III Contract Vehicle

  • The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement