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.
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BYD Co., the Chinese auto and battery maker backed by Warren Buffett, is locating its North American headquarters in downtown Los Angeles as the company prepares to sell electric cars in the U.S.
When Warren Buffett visits Chinese carmaker BYD Co. next week, he’ll find a company facing sliding sales and legal disputes with the government and Foxconn International Holdings Ltd.
"In 2012, the Group expects the automobile market to rebound during the whole year."
- Wang Chuanfu on Mar 25, 2012