Chinese automaker BYD is set to begin selling the world's first mass-produced plug-in hybrid in China next month.
BYD has also said they're going to sell a plug-in hybrid in the USA by the end of 2010 - the same time the Chevy Volt is set to be released. Moreover, the BYD F3DM (the model the company is likely to first introduce in the US) is said to get up to 68 miles in fully electric mode - better than the Chevy Volt's 40 electric miles.
As if that weren't enough to worry GM, the BYD F3DM will sell in China for $22k, which compares very favorably to the Volt's projected price of $35-40k.
Edited by dana1981 - Sun, 23 Nov 2008 20:38:57 GMT