BYD to start selling electric buses by year

Published: 27 Aug 2009 18:43:37 PST

Shanghai, August 27 (Gasgoo.com) BYD, China's largest rechargeable battery maker and an ambitious automaker, recently said its first batch of electric buses will roll off the production line and go on sale by the end of this year, xinhuanet.com reported today. 

The first phase of BYD's bus plant project will kick off next month in Changsha, capital city of central China's Hunan province. The company signed an agreement on July 24 to take over Midea Coach Manufacturing Co., Ltd. for 60 million yuan ($8.78 million) from its owner Midea Group, one of the largest home appliances manufacturers in China.

Under the deal, BYD will pay cash for the entire equity assets of Midea Coach to take full control of the bus maker and turn it into BYD's new-energy bus and passenger vehicle production base in Changsha. BYD plans to start initial production of electric buses by the end of this year and produce car models C3, C6 and F2 later.

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