Chinese Launch First Consumer Plug-In Hybrid

Sometime today, Chinese automaker BYD will show reporters the F3DM — the first mass-market plug-in electric hybrid, set to launch later this month. The technology is similar to that of GM’s upcoming Chevy Volt, so the F3DM can plug into a standard power outlet to charge but also carries a small motor that acts as a generator when the battery’s charge is depleted. 

The AP reports that the car can go about 62 miles on an electric charge, which is more than the 40 miles GM has stated its Volt will achieve. But the price tag, roughly $22,000, is well below what GM will slap on the Volt.

The Wall Street Journal clearly states that China’s government is supporting the launch of electric vehicles in China with research-and-development subsidies as well as incentives for consumers.

BYD expects to sell 10,000 F3DMs in 2009, and suggests it could market the car in the U.S. in 2011. To date, no Chinese company has broken into the U.S. car market despite years of similar statements.

BYD to Introduce China’s First Electric Car  (Wall Street Journal)