BYD Co., the Chinese automaker which is backed by billionaire Warren Buffett said on Wednesday that has started selling its electric E6 vehicle to individuals in China.
“The E6’s business success will hinge on the availability of infrastructure and continuous improvements such as reducing weight of the battery,” said John Zeng, a Shanghai-based analyst at J.D. Power & Associates.
The all electric E6 vehicle has a total range of 300 km (186 miles) and will start at 369,800 yuan ($58,200) the company said. It was tested for the first time with 40 units operating as taxis in the city of Shenzhen – China.
Initial specs of BYD’s E6
- Electric power consumption: less than 18 kW•h per 100 km (62 mi)
- Acceleration: 0-60 mph (97 km/h) in < 8 seconds
- Top speed: 100 mph (160 km/h)
- Normal charge: 220V/10A household electric power socket
- Quick charge: 50% capacity in 10 minutes
- Range: 249 miles (400 km)
The announcement comes shortly after the company opened its North American headquarters in Los Angeles. The carmaker already has various deals with Los Angeles to test its cars and charging systems.
BYD – which stands for Build Your Dreams – makes electric and hybrid cars, charging systems, solar panels and LEDs.