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Japan auto, power giants target global electric car standard
by Staff Writers
Tokyo (AFP) March 15, 2010


Chinese automaker BYD plans massive expansion
Hong Kong (AFP) March 15, 2010 - Chinese automaker BYD Co. said Monday it had massive expansion plans this year and would consider building a plant in the United States, a day after announcing annual profits had tripled. The company, which has the backing of American billionaire Warren Buffett, said it will put aside 10 billion yuan (1.5 billion US dollars) this year to grow its business, including plans for two new mainland Chinese car plants. Wang Chuanfu, BYD's chairman and reportedly China's richest man, told a news conference Monday the firm is also on track to launch its e6 electric car in the US in the second half of the year, Dow Jones Newswires reported.

He also kept open the possibility of setting up a car plant in the United States where hard-hit automakers are struggling to recover from declining sales caused by the global downturn. The company planned to open a US sales office in the second half of the year, Wang said, according to a company spokeswoman. "(And) if there is a market, we will not exclude the chance to set up a production plant in the United States," Wang added. Late Sunday, Hong Kong-listed BYD, which is 10 percent owned by a unit of Buffett's Berkshire Hathaway investment giant, said 2009 profit was 3.79 billion yuan from 1.02 billion yuan the year before, due to strong China sales.

The auto unit at BYD (Build Your Dreams) claims to be the sixth biggest car maker in China and its future plans are focused on electric or hybrid vehicles. The firm also makes rechargeable batteries and other mobile phone components -- although it said battery sales dropped about 34 percent last year due to the "sluggish" handset market. Wang told the news conference that he expects more than 60 percent of 2010 revenue to come from vehicle sales, up from 53 percent in 2009. BYD purchased a coach and electric bus manufacturer in July.

Two weeks ago, BYD and German auto giant Daimler announced they had struck a preliminary agreement to mass produce an electric car together. The pair said the vehicle would be made under a new jointly owned brand for China's fast expanding urban market. Some analysts, however, are sceptical about the short term prospects of alternative energy automobiles due to limits on the range of purely battery powered vehicles, their cost, and the lack of a network of power stations. BYD's Hong Kong shares closed up 0.2 percent at 69.05 Hong Kong dollars.

Four Japanese auto giants and the country's largest power company joined forces Monday to set up a common system to recharge electric cars, with the aim of creating a global standard.

The growth of the electric vehicle sector has been hampered by the chicken-or-egg question of what should come first: zero-emission cars or the networks of recharging stations to keep them on the road.

Toyota, Nissan, Mitsubishi Motors and Fuji Heavy Industries have linked up with Tokyo Electric Power Company (TEPCO) as the organising members of the new grouping called "CHAdeMO".

The name is derived from a combination of the words "Charge" and "Move" and a pun on a popular Japanese phrase.

In total 158 companies and government bodies are members, including 20 foreign firms, among them Bosch, Peugeot SA and Enel SpA.

Standardizing charging infrastructure is vital to making electric vehicles popular, TEPCO chairman Tsunehisa Katsumata said.

"We need to make this protocol a standard protocol outside of Japan," he told a gathering in a Tokyo hotel.

Zero-emission cars are gaining traction globally as concern has grown over pollution from the exhaust pipes of conventional petrol cars and its impact on the environment.

Mitsubishi Motors last year rolled out the i-MiEV and Fuji Heavy the Subaru Plug-in Stella, both in Japan. Nissan is set to launch the world's first mass market electric vehicle, the Leaf, later this year.

Toyota, which has focused on hybrids, has promised to launch its own version by 2012. It has already begun leasing a plug-in hybrid electric vehicle since late last year, one year earlier than initially planned.

Electric cars still face key hurdles such as costly batteries and the lack of conveniently-located recharging points, which limits their operating radius.

Standardisation would require all makers to agree on the kind of outlet and the voltage, which currently differ among firms.

"It's like establishing a common operation manual or a code that allows the charging machine to work across a broad range of electric vehicles," said Takafumi Anegawa, electric vehicle manager at TEPCO.

The Japanese government is throwing its support behind the move, and has earmarked 12.4 billion yen (13.7 million dollars) in the budget for fiscal 2010 starting in April to develop a recharging grid.

Some officials pointed at hurdles in creating a global standard.

"It will be a big and difficult challenge for the entire world to reach the same method" in charging EVs, Toyota managing officer Koei Saga said. "In the end, we may just need to adhere to the methods in each country."

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Seoul unveils electric vehicle
Seoul (UPI) Mar 11, 2009
South Korea has unveiled what is considered the world's first commercial wireless electric vehicle. The online electric vehicle, created by the Korea Advanced Institute of Science and Technology, can run up to 24.8 miles per hour. Power strips, buried 1 foot under the surface and connected to the national grid provide electromagnetic power to the OLEV, wirelessly, charging an on-board b ... read more


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