geely's rival already exports to asia and south america. some day united states, explains ceo.an consumer knows cars very well. i dare not send our cars to the u.s. market before we're really ready. other chinese automakers think they are ready. a dozen years ago byd, or build your dreams, manufactured phone batteries. this year it beat gm and toyota to sell the world's fast mass produced electric car. just over 50 of these electric taxi cabs are roaming the streets of southern china. perhaps later this year this same car will go on sale in the united states, brought to the u.s. by china's ambitions and american dollars. u.s. billionaire warren buffett raised eyebrows when he invested $230 million in byd. it's starting to look like a smart move. and if chinese car companies succeed in making their cars as good as their dreams, the world's next generation of speed demons mike grow up thinking the only cool cars to buy are those made in china. cbs news, beijing. >> that's the "cbs morning news" for this friday. thanks for watching, everybody. hope you'll join us later for "the ea

take geely, one of the biggest it snapped up volvo from ford for an estimated $1.8 billion while alsonveiling 39 of its own car models at the beijing autoshow, including the world's cheapest car, the i.g., with roof top solar panels and a $2,300 price tag. as these companies grow, their appetites are going global. geely's rival cherry already exports cars to south asia, africa and eastern europe and someday the united states explains c.e.o. yin tongyao. "the american consumer knows cars very well. i dare not send our cars to the u.s. market before we're really ready." other chinese automakers think they are ready. a dozen years ago b.y.d.-- or build your dreams-- manufactured phone batteries. this year it beat g.m. and toyota to sell the world's first mass-produced electric car. just over 50 of these electric taxicabs are roaming the streets of southern china, but soon-- perhaps later this year-- the same car will go on sale in the united states. brought to the u.s. by china's ambitions and american dollars. ( speaking mandarin ) u.s. billionaire warren buffett raised eyebrows when he