Gasgoo. BYD Auto reportedly has sold less than 100 of its F3DM (dual-mode) plug-in hybrid electric vehicles (earlier post) through August. Morgan Stanley projects that actual F3DM sales will fall far behind the goal of 3,000 to 4,000 units for the year.
However, large Chinese automakers and regional government are still bullish on new energy vehicles, and making “abnormal” plans. Experts warmed that the blind expansion of new energy vehicles would possibly lead to redundant construction and overcapacity.
...Moreover, the e6, an EV model estimated to be sold for about CNY 300,000 [US$44,000] apiece, is expected to hit the market at the end of this year. Earlier this year, the Chinese automaker unveiled the e6, the world’s first 5-seater EV that can run 400 kilometers on a full charge, at the Detroit Motor Show.