BYD raises 2010 sales target because of all-electric E6, gov't stimulus plan

As the country keeps getting ready for more plug-in vehicles, China's BYD has raised its 2010 sales target by 14 percent. Instead of 700,000 cars next year, BYD hopes to sell 800,000. The two main reasons mentioned in this Ali Baba article are the introduction of the company's first all-electric car, the E6, and a large stimulus package from the Chinese government designed to boost car sales. In 2009, through November, BYD sold over 400,000 vehicles, so the doubled target is nothing if not ambitious. The E6 will go on sale in the early part of 2010, with exports to places like the U.S. and Spain scheduled to follow after that. For the company's sake, here's hoping the E6 becomes more popular than the plug-in hybrid F3DM, which had dismal sales figures in 2009.

[Source: Ali Baba]