BYD upbeat over 2011 after dismal 4th quarter
By Alison Leung and Michelle Chen | China Daily | Updated: 2011-03-15 07:54
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BYD Co Ltd President Wang Chuanfu attends a news conference announcing the company's results in Hong Kong on Monday. BYD reported a worse-than-expected 94 percent drop in its fourth-quarter earnings on Sunday, as intense competition pushed up costs and cut margins. Bobby Yip / Reuters |
HONG KONG - BYD Co Ltd, a Chinese carmaker backed by US billionaire investor Warren Buffett, expects its auto sales to rise up to 15 percent in 2011, in line with the market.
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