BYD to develop solar energy vehicle
Published: 19 Nov 2009 23:02:01 PSTBYD Co. will enter the solar energy field, said Xu An, the Chinese battery and vehicle maker's public relations' manager yesterday, according to the Shanghai Securities News.
"In the future, solar energy may become one of the driving forces of BYD's electric vehicles," Xu said.
Apart from the IT and auto business, BYD plans to enter a third field, in new energy, which consists of the solar power stations, energy storage and power plants and new energy vehicles.
According to the plan, BYD will transplant the existing 10-billion-yuan pure battery industry into the auto and cell phone battery industries, each with injections of 100 billion yuan capital.
BYD has 11 industrial bases in China, including Beijing, Shanghai, Xi'an and Shenzhen. The automaker expects an annual production capacity of over 1 million vehicles in 2011.
Agencies and Shi Jierui contributed to this story
Explore the World, Understand China!
Please log on www.gloaltimes.cn
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1UPDATE 2-Gold falls in Vietnam after c.bank
- 2We reached a milestone when we received an
- 3India iron ore export price to China increases
- 4CCF Price Index (4 Feb 2010)
- 5US Dow to Permanently Shut Down Freeport TDI
- 6NYMEX Crude Oil (Light) Futures Price (4 Feb
- 7ICE Brent Crude Oil Price (5 Feb 2010)
- 8CZCE Sugar Futures Price (5 February 2010)
- 9DCE Soybean Oil Futures Price (5 February 2010)
- 10CZCE PTA Futures Price (5 Feb 2010)
