BYD to overtake Volkswagen ventures as China's top producer

Quick Summary:

BYD unveiled its first electric car in 2008 - a plug-in hybrid known as F3DM, which was priced at 149,800 yuan.

Chairman Wang Chuanfu, then a government-sponsored researcher, founded the company in 1995 as a producer of rechargeable dry cells and batteries for mobile phones, before venturing into car manufacturing in 2003.

"The achievement shows that China has evolved from an automotive powerhouse based on volume to a leader based on manufacturing heft," BYD said in a statement.

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Category: EconomyBusiness

Markets: ThailandChinaHong Kong

Topics: Units Electric Market Company China Year Leader Delivered First Million Cars

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 11:42:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Bangkok Post

News ID: 23689345

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