BYD zooms past Toyota, GM in electric car race

SHENZHEN: Chinese automaker BYD Co yesterday launched the first commercial dual-mode electric car in the world, giving it an edge in the green car race over other rivals like Toyota Motors and General Motors Corp.

The new car, known as the F3DM equipped with both pure and hybrid electric driving systems, is priced at 149,800 yuan.

Toyota and GM, the two other global competitors in the electric car market, had planned to launch similar models in 2010 and 2011 respectively.