An appropriately named title IvanS. The WSJ had another piece on BYD today so I'm starting to believe this is real.
http://online.wsj.com/article/SB123172034731572313.html#"
http://online.wsj.com/article/SB122392773358329717.html"
Interesting video tour of the plant, interview with Wang
http://online.wsj.com/article/SB123172034731572313.html#
History of BYD and founder Wang as I can gather from various sources:
-1980s Wang studies metallurgical physics and chemistry in college, 1980s. MS Degree. Research position in nonferrous Metals in Beijing. Gets bored, quits just as government opens up the Chinese markets.
-1995 Wang borrows $300k from cousin, starts cellphone battery company BYD.
-1998 Wang tells 20 engineers to 'quietly scale up' cellphone batteries for cars. They develop a dinky all EV car.
-2005 BYD develops an all gas/ICE ripoff of the Toyota Corolla to get experience in car manufacture. Since then BYD has become one of China's best (not the best) home grown car makers.
-2008 BYD revenue $3.1B, 10,000 engineers and techs, 130k total people. 2nd largest battery maker in the world. HQ in Shenzhen, China close to Hong Kong.
-2008 September. Warren Buffet acquires 10% of BYD, $230 million investment.
-2008 Nov-Dec. BYD begins selling the 'F3DM' in China: a plugin electric-gasoline hybrid 5-seat sedan, 50-60mi battery range, $22k
Plans:
-2009 Release pure EV with 180mi per charge range.
-2010 Release of the F3DM plugin hybrid in the US/Europe.
-2011 Release of extended range pure EV in US.
...
An amazing display from a guy who bummed cash from his cousin. GM? Hello?