Chinese Automaker BYD Sees Profits Surging in 2013

Newswire

SHANGHAI, Oct 29 (Reuters) - Chinese carmaker BYD Co Ltd , backed by U.S. billionaire Warren Buffett, forecast 2013 profit may rise more than seven-fold from last year, after the company posted robust quarterly results that beat analyst estimates. BYD is in the midst of a revival thanks to demand for its traditional gasoline-fuelled vehicles, which account for half of the company's revenues, and an improvement in its solar cell business. It also makes electric cars. Net profit for ...

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