Chinese Manufacturers Anticipate Battery Price Rise
BYD F3
Soon after the German manufacturing giant VolksWagen announced it would seriously tackle the goal to produce electric cars and hybrid vehicles, it emerged that BYD, the prospective partner of VW would increase the lithium battery prices.
It is almost certain that VolksWagen will pick BYD as a supplier for its new electric car project.
The Chinese company is a local pioneer of electric car manufacture and their batteries are a successful marriage of low prices and good quality. BYD are recognized by Warren Buffet whose company holds a stake in Chinese company worth $230 million.
Even if the plans of price hike come through, their batteries will still be a great deal cheaper than similar products on Japanese and European markets.
This time it seems that VolksWagen are really determined to get their foot on electric car market and they are after the best available deal (cheapest deal) to balance out the late start by giving their company a good headstart.
Unofficial rumors suggest that VW will be doing an emphasis on electricity-powered family cars (vans and universals), which is something that other companies don’t do. Very clever indeed.
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