Market Chatter: BYD Gearing Up For Launch of Brazil-Specific Car Model

MT Newswires Live01-05

BYD (HKG:1211, SHE:002594) is gearing up for the launch of a plug-in hybrid vehicle designed specifically for Brazil, Nikkei Asia reported Saturday.

The model, which had been in development for over two years, was conceived as a so-called flexible-fuel vehicle capable of running on any ratio of gasoline and ethanol, the report said.

Brazil is one of the largest markets for such vehicles in the world, and a flex-fuel model is considered crucial for any car manufacturer looking to establish a foothold in the country.

BYD is marketing its model as the world's first flex-fuel plug-in hybrid, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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