BYD Forecasts Higher First-Half Profit as Solar Losses Slow
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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.
Shares of the the maker of the E6 electric car gained 12 percent to HK$28.15 at the close of trading in Hong Kong, while the benchmark Hang Seng Index gained 0.7 percent. Its Shenzhen-traded stock rose 3.1 percent.