China's BYD Wants to Build All-Electric Busses in the U.S.

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The Chinese maker of all-electric vehicles that gained a lot of attention in 2008 when investor Warren Buffett bought a 10 percent stake in BYD for$230 million, is now actively looking to build an electric-bus assembly plant in the States.

Micheal Austin, vice president of BYD America, broke the news to WardsAuto, adding that the company has not yet decided on the location for the plant. "Clearly, there are a lot sensitive negotiations that must go on before any of that happens," said Austin.

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