BYD Co., the Chinese automaker part-owned by Warren Buffett’s Berkshire Hathaway Inc., rose the most since November 2011 in Hong Kong trading today after forecasting a 31-fold surge in first-half profit.
BYD Co. , the Chinese automaker backed by Warren Buffett , fell as much as 3.9 percent in Hong Kong trading today, the lowest level in almost a year, after second-quarter profit was below analysts’ expectations.
BYD Co., the Chinese electric carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc., climbed to an eight-month high in Shenzhen trading on speculation the government is close to unveiling plans to boost demand for new energy vehicles, an analyst said.
Wang Chuanfu , chairman of BYD Co ., the Chinese automaker backed by Warren Buffet t, said China will become the world’s biggest market for electric cars as the government seeks to limit the country’s dependence on foreign oil, the BBC reported, citing an interview.
BYD Co., the Chinese automaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., fell the most in a month in Hong Kong trading after the company forecast profit may decline as much as 98 percent this year.