BYD Raises Sales Target for 2010 Due to e6 Electric and Stimulus

BYD e6

In brief: China's BYD has raised their sales targets for 2010 by 14% in light of the pending release of the all-electric e6 sedan and the Chinese government's green-car-friendly stimulus package.

The word

BYD e6

The sales target that BYD has set are 800,000 units (versus 700k before), a 14% increase.

Citing the pending market release of the e6 electric and the government stimulus to come with the Chinese New Year, BYD is doubling its expectations from 2009. The company sold just over 400,000 cars this year.

The car's other e-car, a hybrid (the F3DM model) has had lackluster sales and little interest from Chinese buyers. So the expectation that the new electric will gain bigger sales might be a little optimistic.

And so ...

The e6 will go on sale in the first quarter of 2010 in China and will then appear in Spain and the U.S. later in the year.

Photo credits: BYD

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