Chinese Electric Car Maker BYD Aims For Europe Boost [Barron's]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
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Source: Barrons
"You will see, starting from March or April, our registration numbers will jump" in Europe, company vice-president Stella Li told AFP in an interview at a showroom in Paris. "This year, BYD sales in the whole of Europe will start increasing." The group has launched major advertising campaigns including sponsorship of last year's European Championships in football and has opened numerous new showrooms across the continent. It plans to launch its small format Seagull, to be renamed the Dolphin Surf in Europe -- a rival to the Renault 5 and Citroen C3 -- around the middle of the year, Li said. In China this week it unveiled a new charging system that it says will allow drivers 470 kilometres (nearly 300 miles) of battery life after charging for just five minutes -- four times faster than the best systems currently on the market. "It is really as fast as refuelling a petrol car," Li said. "We are... preparing to bring this kind of cutting-edge technology to Europe in the next f
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