China leapfrogs US car manufacturers
Chinese battery manufacturer, Build Your Dreams has launched a plug-in hybrid car that will travel 300kilometres between charges. The car is expected to be on-sale in the US before the recently announced Volt from General Motors or equivalent vehicles from Toyota and Nissan. The car was announced at the Motor Show in Detroit in January 2008, but many observers doubted the battery manufacturers ability to mass market automobiles. Since then, the BYD F3 petrol car has become the fastest selling car in China and the world’s richest man, Warren Buffet has bought a ten percent stake in the company.