BYD, the Chinese carmaker, plans to begin selling electric and hybrid cars in Europe next year, its chairman and founder said.
The Shenzhen-based producer would launch its e6 electric car and the S6DM, a dual-mode electric vehicle similar to a plug-in hybrid, by the end of 2012, Wang Chuanfu said. The cars, which premiered on Tuesday in Geneva, will be produced in China.
In an interview with the Financial Times, Mr Wang acknowledged that the company had stumbled in predicting sales of its cars and managing its dealership network in China, where the company has slashed its sales forecast and cut its prices over the past year.
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