Chinese Automaker BYD Gets Greenlight to Sell Electric Vehicles in Beijing and Shanghai

A BYD e6 electric taxi Photograph by Philippe Lopez/AFP via Getty Images

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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