Looks like it, but not the ones you've been expecting. One of our Most Innovative Companies in China has yet to sell any of its much-hyped electric vehicles—or any of its vehicles, for that matter—in North America. Enter the electric bus.
China, that contradictory land of coal, smog, and renewable energy, may be on the verge of leadership in another green technology sector: electric and hybrid vehicles. The Chinese government announced today a plan to invest up to $15 billion in a state-run venture that will research, develop, and generate standards for upcoming hybrids and EVs. The venture will also put millions of electric cars on the road in the coming years, according to The New York Times.
Chinese automaker BYD announced a plan this week to build its North American headquarters in Los Angeles—the latest in a series of moves that are slowly turning California into the new electric vehicle hotspot.