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BYD Sept auto sales in China up 6.5 pct on month to 33,085 units

Wednesday, October 13, 2010 5:00 AM

BEIJING, Oct. 13, 2010 (Xinhua News Agency) -- Chinese automaker and battery manufacturer BYD Auto (1211.HK) announced Wednesday that its vehicle sales in September on China market grew 6.5 percent over August to 33,085 units, but down 25 percent year on year.

The automaker attributed the month-on-month growth to the new models it launched in late August.

During the first three quarters this year, BYD sold 386,214 vehicles, accounting for 64 percent of its annual sales target.

In view of decrease in market demand, BYD Auto lowered the annual sales target by 25 percent in August to 600,000 units.

Previously in 2008, MidAmerican Energy (OTCBB:MWPSP) (OTCBB:MDPWN) (OTCBB:MDPWM) (OTCBB:MDPWL) Holdings Co. under billionaire Warren Buffet's Berkshire Hathaway Inc. (NYSE:BRK A) purchased a 10 percent stake in BYD at 230 million US dollars, which is worth nearly 1.6 billion US dollars at present, about seven times the original price. (Edited by Shi Chunjiao, shichunjiao@xinhua.org)

(Source: )
(Source: Quotemedia)


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