Report: BYD cutting back electric vehicle production plans

BYD, as we know, stands for Build Your Dreams. But, if your dreams include electric vehicles (EVs), there might not be too much building going on.

According to a report in Bloomberg citing the South China Morning Post, the Chinese automaker has scrapped plans to begin mass production of electric cars this summer. The company has an order for 100 all-electric e6 cars that will be used as taxis in Shenzhen, some of which have already gone into service. If, and here's the kicker, those taxis perform well, then more vehicles may be produced, according to the report. A BYD spokesman said in late February that e6 production would not be delayed, though, so there's some hope still. Maybe. We've asked the company for an updated statement on the matter.

As far as we know, the EV partnership between BYD and Daimler remains a go. Still, anyone waiting for the e6 to become available here in the U.S. this year, well, they might be dreaming.

[Source: Bloomberg]