BYD to show electric car to Buffet shareholders

Chinese automaker BYD Co. confirmed that it would accept invitation of Warren Buffet to attend his company's general meeting of shareholders in the U.S., and would display one of its electric cars at the meeting. 

BYD president Wang Chuanfu will attend the meeting on May 2, paving its way into the North American market.

According to Xu An, BYD's public relations manager, the electric car to be displayed could be its F3DM or E6 model.

BYD's F3DM electric car is China's first lot-produced plug-in electric hybrid car, which went on sale in December 2008. It is capable of traveling 100 kilometers on electric power provided by battery, in comparison with the 25-kilometer traveling distance of GM and Toyota's electric models.

Xu said F3DM is sold to government agencies and corporations only at present, but the company will start sales promotion across the country in June.

Warren Buffet paid 1.8 billion Hong Kong dollars for a nearly 10-percent stake in BYD on September 27, 2008, as his first investment in a Chinese company.