BYD Auto Company, a car company in China would like to set a new trend in the car industry. The second quarter of 2009 will mark the advent of electric cars. Officials from BYD Auto Company said during the China Hi-Tech fair that they plan to launch those vehicles probably by next year. A battery will provide power for those electric cars and may run up to 400 km when fully charged.
In support of this venture in electric cars of BYD Auto Co., Berkshire Hathaway Inc will provide $230 million to support the Chinese company’s new venture in the production of electric cars. The chairman and CEO of Berkshire Hathaway Inc. uttered his eagerness to test and drive an electric car prior to its launch in the auto market. Wang Chuanfu of BYD Auto Company told reporters that they are going to sell the F3DM hybrid in China by the end of this year.
During last year’s Beijing auto show, BYD showed a full electric car with its specifications, the F3DM, a car based on BYD’s F3 sedans. The battery to be supplied for BYD’s electric car is made of iron. According to BYD, iron-based batteries are better than lithium batteries. BYD said that it requires only 10 minutes to come up with a 50% charged battery. With that amount of time to consume in charging a battery, BYD’s electric car will beat other manufacturers whose computed time to complete a charge lasts up to eight hours.
The Chinese government is really encouraging its car manufacturers to develop eco-friendly cars. Other leading car manufacturers are now on their planning and production stage of electric cars. However, these large commercial car manufacturers don’t have their own battery technology. Perhaps that would be the edge of BYD Auto Company against its competitors.