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BYD’s QIN is announced "China’s Q1-2014 Best-Selling Electric Vehicle" and the Quarter is not even over – WSJ.com

BYD’s second-generation Dual-Mode, Plug-in Hybrid Electric sedan, the QIN (pronounced “cheen”), has set a second record month of sales in February. Trends in March now make it “China’s Best-Selling Electric Vehicle” according to China’s National Passenger Car Association.

The BYD QIN with second-generation, dual-mode electric drive and a 1.5L Turbo Charged engine which together delivers 300 HP, but only consumes 1.6 L of fuel for every 100 Km traveled. (Photo: Business Wire)

After its much anticipated launch in China this past December, the BYD QIN has been selling at record numbers, so much that BYD has had trouble meeting demand. In the first weeks of 2014, more than 6,000 vehicles were sold accounting for over half (50%) of the Chinese new-energy vehicle market. Analysts are not expecting sales to slow down any time soon as both Shanghai and Beijing announced earlier this month that they will now permit BYD new energy vehicles to qualify for local municipality green-vehicle incentives and be licensed in those regions. These signals along with the Chinese government’s new fund committed for clean-air and fuel-efficient technologies in the form of consumer and government purchasing incentives are launching a new era in the China domestic automobile industry.

More http://online.wsj.com/article/PR-CO-20140320-912473.html

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