BYD Expands to Make PHEVs in Addition to EVs
BYD, the Chinese vehicle company that has surpassed Tesla as the best-selling EV maker on several occasions, is making plug-in hybrid electric vehicles (PHEVs) a major part of its new energy vehicle strategy. Although the Shenzhen, China-based company is now known as one of the largest battery electric vehicle (BEV) companies in the world, BYD’s first foray into new energy vehicles was a plug-in hybrid electric vehicle, the BYD F3DM, launched in 2008 as the first mass-produced PHEV in the world. The automaker has now updated its strategy to increase its focus on PHEVs and even hydrogen fuel cell electric…