BYD Rises on China Plan for Energy-Saving Cars: Hong Kong Mover
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BYD Co., a Chinese maker of electric cars, rose to the highest level in more than three weeks in Hong Kong trading after the government announced a plan to promote the use of energy-saving automobiles.
The company, partly owned by Warren Buffett’s Berkshire Hathaway Inc., gained 8.2 percent to HK$31.15 as of 1:07 p.m., headed for the highest closing price since June 19. Hong Kong’s benchmark Hang Seng Index rose 0.5 percent.