Shenzhen BYD E6 taxi
Dec. 13 – Shenzhen has begun integrating electric vehicles into its public transport with the recent commercial introduction of local auto-maker BYD’s vehicles appearing on the city streets. An initial fleet of some 300 e-taxis are now plying the roads. Named the E6, the vehicle offers enough space for five passengers and has a range of some 160 kilometers. Plans are currently being put into place to convert all of Shenzhen’s public vehicular transport to electric – including buses and all taxis – over the next five years.
All existing gas (petrol) fuel stations in the city and its suburbs are currently being upgraded to include rapid electric charging systems. BYD, the world’s pioneer in electric car technology, is a local business that has expanded into auto manufacturing from its initial start as a battery manufacturer. Having only commenced operations in 2003, the company has proved to be remarkably innovative, with the recent 300 vehicle order proving a much needed boost to the firm’s pioneering technology. The Shenzhen city government’s drive to clean the city and move all public transport to electric is also a major boost for the company.
E6 engine, BYD factory Shenzhen
In 2008, Warren Buffett spent US$230 million to acquire a 10 percent stake in the company which is now, with the assistance of some electric-fuel hybrids, the sixth largest auto manufacturer in China selling close to half a million units in 2010. BYD already manufacturers in Russia, and has sold 3,000 e-taxis to Santo Domingo, the capital city of the Dominican Republic.
The company has also entered into agreements with Daimler to further continue R&D into the electric vehicle part of the business, with a factory in Los Angeles set to open in 2012 to manufacture and sell to the U.S. market the very same model currently plying the streets of Shenzhen – the E6.
Shenzhen City Guide
Asia Briefing’s City Guide on Shenzhen is designed for the investor seeking a general overview on China’s steadily growing tech city and important gateway to Hong Kong. Starting as China’s first – and eventually most successful – special economic zone, Shenzhen has seen vast sums of investment pour into the country both from abroad and from within China since the late 1970s.
Daimler and BYD Sign Electric Car MOU
SAIC and GM Announce Electric Car JV
China Sector Watch: Automobiles
Previous Article « Apple Loses iPad Trademark Case in China
Next Article China 2012: The Trends Ahead »
Dezan Shira & Associates´ brochure offers a comprehensive overview of the services provided by the firm. With its team of lawyers, tax experts, auditors and...
A firm understanding of China’s laws and regulations related to human resources and payroll management is absolutely necessary for foreign businesses in...
Over the last few months, China has been quickly expanding the pilot program on electronic special value-added tax (VAT) fapiao (hereafter special VAT...
An Introduction to Doing Business in Hong Kong 2021 is designed to introduce the fundamentals of investing in Hong Kong. Compiled by the professionals at Dezan...
Since the formulation of the GBA Initiative in 2017, business communities have placed high expectation on the coordinated development among GBA cities, as the...
Doing Business in China 2021 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates in...
Dezan Shira & Associates helps
businesses establish, maintain,
and grow their operations.
Chinese innovation in the global auto industry and setting up factories in the States to sell to the US domestic market. Who’d have thought this would happen 20 years ago?
Comments are closed.
Stay Ahead of the curve in Emerging Asia. Our subscription service offers regular regulatory updates,
including the most recent legal, tax and accounting changes that affect your business.