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As part of the partnership, Hertz will rent BYD’s e6 electrical vehicle (EV) to Chinese consumers, municipalities and government agencies. The core technology of BYD’s e6 is BYD’s internally developed lithium iron-phosphate (FE) battery technology. 300 more BYD e6s were added to these fleets in July for the 2011 Shenzhen Universiade.
Buyers of electric vehicles will receive up to 60,000 yuan ($8,800), and buyers of certain gasoline-electric hybrids as much as 50,000 yuan, under the two-year program set to start this year in five cities—Shanghai, Hangzhou, Changchun, Shenzhen and Hefei—the ministry of finance said Tuesday. Japan and Europe.
Marketed mainly as a taxi, the BYD e6 was even certified for sale in the U.S., Uber claims its drivers are going electric five times faster than private car owners, but that driver surveys show that price and lack of financing options remain major barriers for those that haven’t made the switch.
News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Warren Buffett takes charge Warren Buffett hasnt just seen the car of the future, hes sitting in the drivers seat. The E6 will hit the Chinese market later this year.
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