A BYD Electric Car Caught Fire in a Shenzhen Crash

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(1) Keith Bradsher, Challenges Mount for Chinese Maker of Electric Cars; China's middle-class auto buyers are becoming discerning. New York Times, May 30, 2012.
http://www.nytimes.com/2012/05/3 ... ent-challenges.html

Quote:

"In April alone, the company’s sales slid 19 percent as the market grew 18 percent.

"The city of Beijing, which had been the country’s largest municipal car market, cut by two-thirds last year the number of license plates it issues annually and created a lottery for distributing them. With license plates in short supply, buyers have tended to put them on expensive foreign-brand cars instead of locally manufactured economy cars.

Note: More about the accident:
Keith Bradsher, BYD Releases Details About Electric Taxi Fire. International Herald Tribune, May 30, 2012.
http://www.nytimes.com/2012/05/3 ... tric-taxi-fire.html

(2) Joanne Chiu, BYD Defends Electric Car; China Plans Broad Subsidies. Wall Street Journal, May 30, 2012
("The company said it didn't have access to the electric car  involved in the accident as it was being held by authorities in Shenzhen. BYD said it was being held by authorities in Shenzhen")