BYD ready to sell the F0 for a whopping $146 in profit

While we impatiently await the announcement from BYD (Build Your Dreams) that their hybrid and electric cars are ready for international markets, the Chinese company has announced that its fuel-frugal F0 is now for sale. Originally referred to as the F1 (the name was changed to avoid legal conflict with the Formula 1 racing league, though its Toyota Aygo-imitating looks were not), the F0 is a low-cost 1 liter-engined car they expect will help them meet their 2008 unit sales target of 200,000 vehicles. Priced at 45,800 yuan ($6,711), the Aygo F0 should be an attractive choice for many Chinese families in the face of rising gasoline prices. BYD claims its 67hp engine gets 4.2 l/100km (56mpg U.S.) from its 3 cylinders pumping all that fury through a 5 speed manual. With low prices come low profit margins, though, and BYD expects to only make about 1,000 yuan ($146) on each car.

[Source: Gasgoo / BYD]