The launch of BYD's plug-in vehicles has not gone as planned. The Chinese company's all-electric e6 has been delayed in the U.S. (in part because of a lack of infrastructure, the company says) and the plug-in hybrid F3DM did not sell well at all. In the recent past, profits tumbled and EV production plans were scaled back.

Still, the Warren Buffett-backed company is moving forward, and the e6 went on sale Wednesday to the public in China. The Chinese news agency Xinhua reported that the car costs over 300,000 yuan ($47,166 U.S. at current exchange rates). That may be high, but BYD is still claiming impressive specs for its iron phosphate battery-powered car: a range of up to 186 miles in urban conditions and a fast recharge time of just 40 minutes using a 100kW fast charging station. Throw in a top speed of 87 miles per hour and some big government incentives to go electric, and we wonder if this could be the vehicle that turns BYD's dreams around.

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