BYD; Build Your Dreams, is looking to build their first overseas plant next year so it can produce 500 vehicles by 2015.
BYD is a Chinese company looking to set its paws on American soil, specifically in California for its K9 electric buses.
The announcement came recently from BYD who said that assembling a plant in California will be build but the location was to be announced by March or April.
The China Daily reports that at a meeting in Los Angeles Li Ke, BYD’s senior vice president, said BYD’s goal is to open the plant in 2013, build 50 to 100 buses in 2014, “Starting in 2015, the production capacity will exceed 500 vehicles.”
Although Californians will be putting the buses together, many if not all of the parts will be imported from China.
For those who don’t know, the K9 electric bus can travel 155 miles on a single charge, and takes three to six hours to recharge, depending on which of BYD’s two chargers is used.
The K9 uses an iron-phosphate “Fe” battery pack instead of the lithium-ion type found in most EVs and hybrids, and it has in-wheel electric motors. The electric bus recently finished road testing in China, and is expected to cost $550,000 to $600,000.
BYD already has a small presence in the United States. The company opened a U.S. headquarters in Los Angeles in October 2011, and has collaborated with rental car giant Hertz on electric airport shuttle buses and electric rental cars.