BYD launched F3 Automatic on Mar. 1st

BYD recently launched the F3 automatic transmission model globally, expecting to gain bigger market share, Chinese auto media reported.

BYD set the price for the new F3 at RMB 79,800(1USD = 6.8RMB) and aims to sell 180,000 units in 2009.

BYD said it expects the new model to help it gain a bigger market share as the Chinese government encourages the purchase of low-emission cars.

China recently issued details of industrial stimulus measures for the automobile sector. The government encourages consumers to buy low-emission vehicles and will offer some favorable polices on the low-emission and green energy cars purchases. Besides, the government will also provide financial aid for domestic automakers and encourage them to develop self-owned brands.