Two BYD customers said they and others questioned why BYD had instructed dealers to replace batteries in their cars which were not subject to the recall
Warren Buffett-backed BYD is growing EV sales at such a furious pace that it also is closing on FAW-Volkswagen to become the largest automaker of any type in the country.
BYD, the world's biggest manufacturer of electric vehicles and plug-in hybrids, has been working on a plan to supply batteries to other automakers including Toyota
Hong Kong-listed BYD shares opened with a 10% dip after authorities launched an investigation into pollution claims and alleged health issues near its Changsha city factory
BYD accounted for about 17% of the 3 million new energy vehicles (NEV) sold in China in 2021, China Association of Automobile Manufacturers data show
China's leading new-energy vehicle manufacturer says BYD's auto business will focus on pure electric vehicles and plug-in hybrid electric vehicles
The price increases will take effect from Wednesday, BYD said, adding that customers who had paid deposits on vehicles prior to then would not be affected
Qin made the remarks during a visit to BYD's plant in Lancaster, southern California, where he was joined by more than 300 US workers
Munger said he wished cryptocurrency had been banned from the start. "I'm proud of the fact that I avoided it," he said
BYD Semiconductor's IPO comes as global supply chains face a chip shortage, which originated in the automotive sector
Construction of supporting infrastructure to charge and replace batteries, store energy, and refuel hydrogen cells will also be strengthened
The contracts, worth $121 million, went to China's BYD and Chile's Servicios y Operaciones Mineras del Norte, the minerals ministry said