Warren Buffet just dropped $230 million dollars for ten percent of BYD a Chinese Battery maker and Hybrid powertrain manufacturer.
It looks as if BYD is making a push to bring a dual mode hybrid vehicle to market much sooner than expected. BYD has had a launch date of 2010 for its vehicles and have not announced plans for the U.S. market. However it has been reported that it has had some of the most extensive testing of it's batteries and vehicles in China.
The batteries have a range of 62 miles and will last 300,000 miles before needing replaced, the company claims.
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That Car Guy
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