Tuesday, December 16, 2008

China's first mass-produced hybrid car goes on sale: car maker

BEIJING (AFP) — China's first mass-produced hybrid electric car hit the market on Monday, its manufacturer said, in a move aimed at driving the nation to the cutting edge of the world's green auto industry.

The car is made by BYD Auto, a Chinese company backed by American Warren Buffett, one of the world's most successful investors who owns 9.9 percent of the firm.

The F3DM is also the world's first mass-produced plug-in hybrid car, meaning owners can charge it from powerpoints at home for the first time, as well as in specialised electric car charging stations, according to BYD.

BYD president Wang Chuanfu was quoted by Chinese media as saying that his firm and China were on their way to being world leaders in the fuel-efficient auto industry.

"Through the F3DM dual-mode electric vehicle, BYD will grab a head-start in the new energy automobile market," he said at the launch in the southern city of Shenzhen, according to Auto 18, an online platform for China's auto industry.

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