Chinese Automaker BYD Gets Greenlight to Sell Electric Vehicles in Beijing and ShanghaiChristina Larson
In late February, Chinese automaker BYD won regulatory approval to begin selling electric vehicles in Beijing and Shanghai. Once the darling of international green-energy advocates and investors–Warren Buffett’s Berkshire Hathaway Inc. owns a 10 percent stake in BYD–the Shenzhen-based company has in recent years seen modest sales in China and shrinking profits. One hurdle has been an insufficient network of nationwide charging stations.
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