The Chinese battery and electric vehicle producer BYD Co Ltd will establish its first wholly owned manufacturing plant overseas in 2013, going to the United States to produce electric buses, a company executive has said.
The factory will be in California, in an exact location to be announced in March or April, Xinhua News Agency cited Li Ke, BYD senior vice-president, as saying.
Speaking in Los Angeles, Li said the Warren Buffett-backed company will put the plant into operation in 2013 and will be able to produce 50 to 100 buses there in 2014.
“Starting in 2015, the production capacity will exceed 500 vehicles.”
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