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Replies to post #35 on BYDDF (BYDDF)
BYD Co., with backing from American investor Warren Buffett's Berkshire Hathaway Inc., which owns a 9.9 percent stake, says it plans to show its all-electric e6, which it says it plans to sell this year in North America.
BYD says it plans to double sales this year to 800,000 vehicles and expand to Europe in 2011.
Auto analysts expect China's auto sales to continue to grow despite the country's arrival as the top market.
Zeng noted China's car ownership level of 48 vehicles per 1,000 people even in prosperous markets such as Beijing is far below the U.S. or European level of 400 to 500 per 1,000 people. He said even developing Asian economies such as Malaysia or Thailand have 200 to 300 cars per 1,000 people.
"That means there is significant scope for the market to grow," he said. "We think the Chinese market will play a more and more important role for the global auto industry."
