Deride China and their goods all you like – they just put a black eye on the entire auto industry by making the first mass production and road-ready electric car.  The move comes from a former battery company that transformed itself into an automaker, BYD.  Their name stands for “Build Your Dreams”.

The cars will be available in the US and Canada only when the company can meet safety standards.  The car will sell for $22,465.00 US, roughly the same price as current mid-range automobiles.

Warren Buffett’s Berkshire Hathaway company recently invested in a 9.9% stake in the company.  BYD aims to be the world’s largest car company by 2025 and they are certainly off to a good start.

Tags: byd electric car, electric car, electric car china

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