"The iron battery proves to have better safety performance and larger capacity. The cost could also be lowered by using abundant resources and affordable raw materials," says BYD in an e-mail. BYD's first car, the F3 sedan, started production in 2005 and sold 51,000 units in 2005. In 2006, BYD sold 60,000 F3s and they expect to sell 100,000 this year.
The Chinese government is really encouraging its carmakers to develop clean cars. Do you think China could take the lead from American and European car makers on hybrids? What about the Japanese?