article thumbnail

China says it will ‘rein in’ the flood of EVs coming our way

Baua Electric

Back in September, the EU launched an investigation into the Chinese EV industry, as European companies are struggling to compete with the cheap, high-tech Chinese imports, made by low-cost labor, entering the EU.

China 52
article thumbnail

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

tech industry during the 1990s. Today BYD employs 130,000 people in 11 factories, eight in China and one each in India, Hungary, and Romania. They generate fewer greenhouse gas emissions than cars that burn gasoline, and they have lower fuel costs, even when oil is cheap. He is, after all, a man who shunned the booming U.S.

BYD 62