BYD’s electric taxis go to HK

Warren Buffett-backed Chinese carmaker BYD Co rolled out Hong Kong's first electric taxi fleet on Wednesday.

"We expect to increase the number of e6 taxis in Hong Kong to 5,000 in three years," said Liu Xueliang, general manager of BYD Asia Pacific sales.

The Hong Kong Taxi & Public Light Bus Association said it is renting from BYD an initial fleet of 45 taxis for HK$8,000 ($1,000) each per month, although only six vehicles had licenses so far. The association is BYD's only Hong Kong customer to date.