Buffett-Backed BYD Says Chinese Cars Headed for U.S. in 2015
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BYD Co., the Chinese automaker backed by Warren Buffett’s Berkshire Hathaway Inc., said Chinese cars are poised to begin hitting U.S. showrooms by next year.
BYD plans to introduce about four models for its U.S. debut at the end of 2015, said Stella Li, the senior vice president in charge of the company’s U.S. business, in an interview last week in Shenzhen, China. Though BYD wasn’t ready when it earlier sought to enter the U.S. car market in 2010, the company is more prepared this time, she said.