At that time, the company had big plans to become China's largest producer of plug-in vehicles--and then export them to the U.S.
While the Chinese market for plug-ins has developed more slowly than expected, BYD has persevered with a new range of plug-in hybrids.
It has been selling its compact Qin sedan for a year, and is now taking orders for its second model, the Tang plug-in compact SUV.
The BYD Tang retails for about 300,000 yuan (roughly $48,000 at today's exchange rate).
BYD Qin plug-in hybrid sedan, unveiled at Beijing International Automotive Exhibition, April 2012And, according to a report by Bloomberg, more plug-in hybrid SUV models are on the way--including two this year alone, to be named after China's revered Song and Yuan dynasties.
A further SUV, the Ming, will follow at a later date, according to a presentation given by the company last week.
BYD was the first company in the world to launch a production plug-in hybrid; its F3DM in 2008 was two years ahead of the 2011 Chevrolet Volt.