Warren Buffett's Electric Car Hits the Chinese Market, But Rollout Delayed For U.S. & Europe
A Chinese-made electric car, backed by Warren Buffett, has been officially introduced to the retail market in that country.It can go about 62 miles on its electric engine, and has a small gasoline engine as back up. It takes nine hours to charge the battery from a regular electric outlook. Price: 149,800 yuan, which is equivalent to $22,000, in line with other Chinese-made mid-sized cars. They originally were going to put it on the US and European Markets in 2010 but because recentmarket major falls it has been pushed back to 2011