China's BYD opening U.S. headquarters today
In 2010, BYD sold 519,800 vehicles, which is a far cry from the 800,000 units the company forecast earlier in the year. Likewise, 2011 hasn't been any kinder to the automaker, with 232,400 vehicles sold from January through July. In addition, labor, research and administrative costs have all increased as the company's profits have slid off among weak consumer confidence.
Currently BYD plans to offer two vehicles in the U.S. – an all-electric sedan and the E6 SUV EV.
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