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Buffett-Backed BYD Shifts Focus to Plug-in SUVs

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BYD Co., the Chinese electric automaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., said it will focus on introducing plug-in hybrid SUVs this year to cater to demand for roomier and high-riding vehicles.

The Shenzhen, China-based carmaker began taking orders for the 300,000-yuan ($48,000) Tang SUV, named after the seventh-century dynasty that ruled China for almost 300 years. The company plans to add another two plug-in sport utility vehicles this year, named after the successive Song and Yuan dynasties, while a third, the Ming, will be introduced later.