Post Tagged with: "BYD auto"

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Chinese carmaker BYD expects profit to fall 98 percent this year

Chinese carmaker BYD expects profit to fall 98 percent this year

Chinese automaker BYD said profit may fall as much as 98 percent this year because of the bad economy. The slowing economy affects demand for BYD cars, batteries and solar-energy cells, said the carmaker, which is owned by Warren Buffett’s Berkshire Hathaway investment fund. BYD estimates net income for the […]

BYD slashes prices: ouch

BYD slashes prices: ouch

BYD was China’s wonder brand in 2009 when it rose from nowhere to become one of the leading car companies in China, just over 12 months later BYD’s sales are falling faster than a disgraced politburo cadre. Although announcing that it was looking to embark on steady growth and healthy […]