China's electric vehicle maker BYD Automobile Co Ltd is set to trial a full-size, all-electric bus in the Danish capital Copenhagen, according to a news release issued by Denmark's biggest public transport operator Movia and Denmark's Ministry of Foreign affairs Thursday.
BYD Company Limited's first vehicle to hit the US road might be an all-electric bus and the US market is set to be the company's largest overseas market.
Billionaire investor Warren Buffett said Tuesday that he is more confident in Chinese electric carmaker BYD following his visit.
US billionaire investor Warren Buffett arrived in south China's boom town Shenzhen on Monday to attend a series of electric car marketing activities of China's fastest growing automaker BYD Co.
BYD Co will buy 18 percent of the Tibet Xigaze Zhabuye Lithium High-Tech Co for 201.2 million yuan ($30 million), the Oriental Morning Post reported Friday.
BYD Co's E6 electric cars, were reported used as taxis running on the streets of Shenzhen in April, a southern Chinese city neighboring Hong Kong.
First half net income of BYD Co, the Chinese automaker backed by Warren Buffett, more than doubled to 2.42 billion yuan, or 1.06 yuan a share, from 1.18 billion yuan, or 0.57 yuan, a year earlier, the company said in a statement to the Hong Kong stock exchange yesterday.
Chinese battery and car maker BYD Co has set up an auto financing firm with a subsidiary of Societe Generale's consumer financing arm, an adviser of the French company said on Monday.
The city of Shenzhen began offering subsidies for new-energy vehicles on Tuesday, as part of broader national program to encourage fuel-efficiency.
BYD Co, the Chinese automaker partly owned by billionaire Warren Buffett, started assembling cars in Russia, BYD's local partner TagAZ said.
BYD Co, Chongqing Changan Automobile Co, Anhui Jianghuai Automobile Co and Beijing Hyundai Motor Co are among 16 automakers to have models approved for China's energy-efficiency subsidy of 3,000 yuan per car.
Chinese carmaker BYD said Friday it had signed a contract with German auto giant Daimler AG to establish a joint venture in China.
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