AHN Staff
Shenzhen, China (AHN) - China's BYD Co., which is 10 percent owned by U.S. investor Warren Buffett, said Monday that it has launched the world's first homegrown electric, mass-produced plug-in hybrid car.
BYD chairman Wang Chuan Fu told reporters on Monday that the company will sell the vehicle in European and U.S. markets in 2011, which is a delay from its previous decision to launch in the regions by 2010.
The F3 DM can run for 100 kilometers (62 miles) using only batteries that can be charged from a regular electrical outlet, the company said.
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