BYD plug-in electric car sales in China – January 2016
In a recent interview discussing BYD's plug-in passenger car future in the U.S., BYD America Vice President Michael Austin stated to Autoblog that the plug-in hybrid Qin would be game-changer:
"All I can say is that we're absolutely committed to bringing our fantastic design to the US," said Austin, noting that plug-in models such as BYD's Qin can go from 0 to 60 miles per hour in about five seconds. "If I brought that model to the US, it'd be a game-changer."
Five seconds acceleration sure is someting outstanding, but whether it would be a market success? The price would need to be attractive and BYD would need to establish dealer network.
As of today, Chinese company is focusing on the fleets in the US and it has all the retail sales it can handle at home for the moment. BYD has actually already imported about 80 pure electric e6 (50 to New York for taxi purpose) because it's easier to deal with fleets. The other (and currently main) part of BYD's US business is assembly and sales of pure electric buses, with the third being energy storage systems. So the company is winding its way into the US.
"Right now, we really don't have parts and distribution or consumer warranty service, and we don't have a dealer network. It's easier to service fleets."
Michael Austin said also that $7,500 federal tax credit is insufficient "if there isn't support from the federal and local governments in the form of more charging infrastructure".
In 2015 BYD Qin was a hit with nearly 32,000 sales in China. In the last couple of months sales decreased significantly - partially because plug-in hybrid Tang SUV.