Warren Buffet-Backed BYD To Launch Electric Passenger Car In India
NDTV
Warren Buffet-backed Chinese electric carmaker BYD will launch its first passenger car in India on Tuesday.
Warren Buffet-backed Chinese electric carmaker BYD will launch its first passenger car in India on Tuesday, an electric sport-utility vehicle (SUV), marking its entry into the mainstream market amid a broader global expansion.
BYD, which already sells electric buses and electric vehicles (EVs) for corporate fleets in India, will launch its Atto 3 electric SUV in the world's fourth-largest car market where domestic carmaker Tata Motors dominates electric car sales.
The move comes amid a wider global push by the Chinese carmaker which has already started selling electric cars and plug-in electric hybrids in markets around the world, including Norway, New Zealand, Singapore, Brazil, Costa Rica and Colombia.
Earlier this year, BYD said it would start selling its passenger EVs in Japan from 2023 and also has plans to set up a facility in Thailand - its latest among 30 others in the United States, Brazil and India - to produce 150,000 cars a year from 2024. It launched the Atto 3 electric SUV in Thailand on Monday.
