BYD's American Dream

choi

Colum Murphy, BYD's Ticket: 'Made in US.' Wall Street Journal, Apr 29, 2013
http://online.wsj.com/article/SB ... 42712560522402.html
(will open an electric-bus assembly facility in Lancaster, Calif., on Wednesday)

Quote:

"BYD spokesman Micheal Austin said the company's US production facility meets 'Buy America' procurement guidelines, enabling its customers to tap federal subsidies that cover up to 80% of the cost of the electric buses they buy. The availability of government aid was one of the main motivations behind BYD's move to the US, he said.

"BYD's [spokesman Micheal] Austin said assembling a bus in the US would cost $100,000 more than doing so in China. He said an electric bus could sell for up to $800,000. 'But the economic value of having a plant there far outweighs the costs,' he said, since the buses would qualify for government funding.