BYD Advances on China’s Electric Vehicle Push: Hong Kong Mover
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BYD Co., the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc., rose to a 10-month high in Hong Kong, gaining for a second day, after China said it will encourage use of alternative energy vehicles.
BYD, China’s leading developer of electric vehicles, climbed 2.2 percent to HK$23.65 as of the midday trading break in Hong Kong, poised for its highest close since March 5. The gain follows a 1.3 percent advance the previous day.