Remove BYD Remove Chinese Remove Oil Remove Oil Prices
article thumbnail

VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

With electromobility, the automobile industry faces a fundamental technological upheaval.Our path leads away from oil, to emission-free mobility, and the electric car plays a key role.CO The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. 2 -neutral fuels play another key role.

2013 150
article thumbnail

Buffett's Chinese electric car company

Tony Karrer Delicious EVdriven

And if you doubt that they will learn, check out my cover story about BYD in the new issue of FORTUNE, headed to subscribers and newsstands this week. BYD is an amazing company. Today, BYD employes 130,000 people in 11 factories, either in China and one each in India, Hungary and Rumania. He, too, was very impressed with Mr.

Chinese 28
article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel. Chinese car producer BYD even recorded a 337.25% increase in March sales amongst its fully electric and hybrid car models.

Economy 52