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PHOTO CAPTION: BYD e6 electric car operated as Taxi in Shenzhen, China

China Steering Its Automakers Towards Electric Future

The Chinese government envisages having 5 million EVs and plug-in hybrids on the road by 2020.

Published: 23-Dec-2010

GUANGZHOU, China--If the size of its booth at the China International Automobile Exhibition here is any indication, the road ahead appears to be smooth for electric vehicle maker BYD Auto.

The Shenzhen-based battery company-turned-automaker, which in 2008 welcomed investor Warren Buffett as a major shareholder, occupies about 1,800 square meters of floor space at the exhibition hall. It is BYD's largest display at the annual show, which kicked off Monday.

About one-third of the space was devoted to new eco-friendly vehicles.

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