UPDATE 1-BYD says '03 profits rise 31 pct to 863.9 mln yuan

Newswire

(Adds analyst comments, background) HONG KONG, Feb 23 (Reuters) - China's largest rechargeable battery maker BYD Co posted a 31 percent rise in full-year profits on Monday after doubling production capacity to meet strong global demand. BYD also said on Monday it has increased its stake in a car-making business to 92 percent from 77 percent for 52.5 million yuan to cash in on the huge growth potential of China's automobile industry. BYD, which counts mobile phone giants Motorola Inc ...

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