BMW has finally unleashed some information and photos of the much anticipated MINI E set to debut next month at the LA Auto Show. For those who haven't been paying attention, late last spring BMW announced plans to build and lease a fleet of 500 battery powered MINIs starting sometime in 2009. The front wheels of the MINI E receive torque through a single speed gearbox from a 204 hp, 162 lb-ft electric motor. Those numbers are rather unusual for an electric drive system which usually has much more torque. Nonetheless, the MINI E can hustle to 62 mph in 8.5 seconds and, according to BMW, can cover about 150 miles on a full charge of its lithium ion battery pack.

Chinese battery manufacturer BYD can now be mentioned in the same breath as Goldman Sachs: both have recently been given the blue-chip imprimatur by U.S. billionaire investor Warren Buffet. The Oracle of Omaha's MidAmerican Energy Holdings has bought a 10-percent stake in BYD for $230 million.