>> Well, one nice thing about Mitsu and Nissan and Ferrari
pulling out of Detroit, makes room for these guys; BYD of China.
For the first time a Chinese automaker on the main floor.
Brilliance also is up here and they're getting a lot of
attention partly because what this company is doing with
electrification of vehicles. This is the E6, a people mover
shaped vehicle but that's not the story, the power train is.
They're promising 250 miles on a charge, 250! GM is hoping to
get 40 out of the Volt. Then there's the charging cycle, you
can put a 50 percent charge in this thing in ten minutes on a
high current charger, nobody is promising that. This is either
the biggest thing ever in electric cars or something else is
going on. The battery technology by the way is what they call a
ferrous battery, it's made of iron which they say is going to be
more environmentally friendly in the vehicle's life cycle
because it's not toxic like a lithium ion lithium polymer
formulation. Now, if you're wondering what I think you're
wondering, you shouldn't; Berkshire Hathaway is an investor in
this company, not a stupid bunch of people there. Here's
another reason why the Volt engineers might be sweating electric
bullets right now, this is on track for a late '09 delivery in
China and 2011 in North America.