BYD Auto and the Market for Electric Cars: Global Ambitions, Nurtured in China |
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launching the plug-in hybrid version of its leading F3 model under the name F3DM (DM stood for dual mode) in December 2008... The Domestic Market Potential in ChinaChina met its oil needs mostly from imports and that led to a rise in its import bill. Fuel efficiency was an important requirement to protect the country from the volatility of crude oil prices in the global market. Electric cars, due to their greater efficiency and reduced dependence on fossil fuels, were expected to address this issue. Moreover, in 2008, China had surpassed the US as the biggest emitter of greenhouse gases...
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