BEIJING, Mar. 9 -- Chinese electric car maker BYD Co Ltd<1211> may start selling electric and hybrid cars in western Europe in 2011, becoming the first Chinese auto maker to do so, the China Daily reported today.
The announcement came after the auto maker's decision to kick off sales in the U.S. later this year.
Demand in developed markets such as Europe and the U.S. is much higher than in developing ones, and BYD is taking the right strategy, said one analyst.
The BYD E6 electric car is one of the models that BYD plans to sell in Europe, company spokesman Paul Lin said yesterday, adding that the auto maker may eventually design and build cars on the continent.
In January, Shenzhen-based BYD displayed its E6 and F3DM electric cars at the North American International Auto Show in Detroit. The BYD E6 is a fully electric vehicle that can run 200 miles on a single charge. It is powered by BYD's Fe lithium iron phosphate battery, one of the company's core technologies.
Earlier this month, BYD and Germany's Daimler AG signed a memorandum of understanding to develop electric vehicles for China, the world's largest auto market.