July 28, 2009

BYD to Issue Shares, Expand Production

Lithium battery maker and EV upstart BYD (part owned by Warren Buffett's Berkshire Hathaway) has filed to issue shares on the ShenZhen Stock Exchange and has major plans for expansion. The company says it will up production of autos by 75% in a year to around 700,000 units. BYD recently acquired a minibus maker, Hunan Midea Coach, and has an agreement for a factory in Xi'An.....

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