One of such young companies to step in the world of automobile is the BYD Auto Co., Limited which is a subsidiary of the Chinese multinational BYD Co Ltd, which is established in Shaanxi Province.
It was founded in January 2003 and is well known for the production of automobiles, buses, electric bicycles, forklifts, rechargeable batteries, and trucks.
Now coming to crisp news from Chinese automobile manufacturer BYD, the company is set to open bookings for its new electric multi-purpose vehicle T3.
As per the records provided by the company, they received orders for 200 units already and also targets to sell around 10K units within two to three years.
According to the experts, the BYD is building up the strategy for Public Transportation Electrification along with a new market strategy which the company calls 7+4 full market strategy.
This 7+4 strategy has divided its EV catalog into a conventional and special type of vehicle.
As per the strategy described the conventional type consists of seven types of vehicles that carry passengers like taxis, buses, coaches, urban logistics vehicles, urban construction vehicles, and urban sanitation vehicles, while the special type vehicles include transportation for mining, ports, airports, and warehousing materials and finish goods.
BYD is thinking to implement this 7+4 in the Indian market as well.
The company is currently indulged in supplying locally produced electric buses i.e. K7 & K9 in India.
It is estimated that both the vehicles can run for 250 km on a single charge.
Reports suggest that the company has supplied more than 200 electric buses in India, within the major metropolitan city in the country.
The company produces an annual of 2,000 electric buses which are produced in its Chennai-based manufacturing unit.
According to the BYD India’s executive director, Ketsu Zhang stated Business Standard that the company is now aiming to increase its manufacturing capabilities to 5,000 vehicles annually.
We also got to know that to increase the production manifolds the company has also partnered with Hyderabad-based Electra for manufacturing and supplying electric buses in India.
The Indian government is also showing interest to deploy 5K electric buses on the Indian streets under its FAME II (Faster Adoption and Manufacturing of Electric Vehicles in India) policy.